In the above figure, suppose that the government sets a limit that may be produced of 10 units of output and the price rises to $4. In comparison to a competitive market the producer surplus would rise by
A) $0.
B) $5.
C) $15.
D) $20.
B
You might also like to view...
Countries with
A) strong investment opportunities should invest little at home and channel their savings into more productive investment activity abroad. B) strong investment opportunities should invest more at home and less abroad. C) weak investment opportunities should invest more at home. D) weak investment opportunities should invest little abroad. E) countries with productive investment should invest exclusively at home.
Opportunity cost is the value of the next best alternative to a given choice.
Answer the following statement true (T) or false (F)
When considering different investments, a risk-averse investor is most likely to focus on purchasing:
A. investments that offer the lowest standard deviation in the investments' expected rates of return for any given expected rate of return. B. investments with the lowest risk premium, regardless of the expected rate of return. C. investments with the greatest spread in the expected rate of return. D. only risk-free investments.
Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000.
A. 1,425 B. 1,450 C. 1,500 D. 2,000