Refer to the diagram. If actual production and consumption occur at Q 2 :
A. efficiency is achieved.
B. an efficiency loss (or deadweight loss) of a + b + c + d occurs.
C. an efficiency loss (or deadweight loss) of a + c occurs.
D. an efficiency loss (or deadweight loss) of e + f occurs.
A. efficiency is achieved.
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Given the expected rate of return on all possible investment opportunities in the economy, a(n)
A. change in the real interest rate will have no impact on the level of investment. B. increase in the real rate of interest will tend to increase the level of investment. C. decrease in the real rate of interest will tend to decrease the level of investment. D. decrease in the real rate of interest will tend to increase the level of investment.
Sweet Husks is a perfectly competitive corn farm. If the expected price of an ear of corn changes from $0.30 to $0.33, Sweet Husks' expected marginal benefit from holding additional ears of corn in inventory will shift ________ and the profit-maximizing number of ears of corn to hold in inventory will ________.
A) upward; increase B) downward; decrease C) downward; increase D) upward; decrease
A newspaper's classified ads are an example of a market
a. True b. False Indicate whether the statement is true or false
Which of the following countries has the largest market for domestic bonds?
A) United Kingdom B) United States C) Japan D) China