Subtract the subsidy from the minimum supply price
What will be an ideal response?
Creates new supply line
You might also like to view...
Refer to Figure 4.2. The dominant strategy for Sloane is to
A) go to the movie theater. B) go to the bowling alley. C) go to either the movie theater or to the bowling alley. D) Sloane does not have a dominant strategy.
Roughly how large is the difference between U.S. GDP and U.S. GNP?
A) Less than 0.1% B) About 10% C) About 20% D) About 25% E) About 55%
The advantages of maintaining monopolies:
A. always outweighs the total welfare costs due to lost surplus. B. sometimes outweighs the total welfare costs due to lost surplus. C. never outweighs the total welfare costs due to lost surplus. D. is a normative argument that has no right answer.
Total costs: a. Decrease when quantity produced increases
b. Increase when quantity produced increases. c. Sometime increase and sometime decrease when quantity produced increases. d. Can sometimes be constant over a substantial range of output.