In the above figure, if output were restricted to 300 million pounds of turkey, then
A) the marginal social benefit would exceed the marginal social cost on the last pound of turkey traded by $0.80.
B) there would be a deadweight loss of $40 million.
C) there would be inefficient underproduction of turkey.
D) All of the above answers are correct.
D
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What will be an ideal response?
A price change will have no effect on total revenue if demand is
A. Perfectly elastic. B. Unitary elastic. C. Inelastic. D. Elastic.
With fewer periods in a moving average, it will take longer to adjust to a new level of demand.
Indicate whether the statement is true or false
Which procedure or test investigates the officer's preparation, decisionmaking skills, relations with others, and knowledge and application of departmental policy?
A) oral interview board B) situational test C) performance appraisal D) written promotional test