The figure above shows the marginal revenue, marginal cost, and demand curves for an airline offering daily flights between Los Angeles and Toronto. If the airline is regulated using a marginal cost pricing rule total surplus will be ________
A) $100,000
B) $60,000
C) $80,000
D) $20,000
C
Economics
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Figure 4.3 illustrates the demand for tacos. A decrease in the demand for tacos is represented by the movement from
A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
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One way to avoid the free rider problem is
A) through mandates. B) for the government to provide the good or service. C) to use social pressure. D) All of the above.
Economics
Of the four countries below, the country that has the most income equality is
a. Ethiopia. b. France. c. Russia. d. Thailand.
Economics
Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?
A. modified union shops B. union shops C. open shops D. closed shops
Economics