In the figure above, if the wage rate is $6 per hour, then the deadweight loss e
ID: 1092378 • Letter: I
Question
In the figure above, if the wage rate is $6 per hour, then the deadweight loss equals zero firms' surplus is the area d + e + f workers' surplus is the area a + b + c All of the above answers are correct. In the figure above, if the minimum wage rate is $8 per hour, then after taking account of resouro job search, the workers' surplus is the area_and the firms' surplus is the area. Consider the market for cellular phones. Which of the following shifts the demand curve leftwan studies showing using cellular phones can cause brain cancer an increase in the services provided by cellular phones, such as text messaging a decrease in the price of cellular phones a decrease in the quantity demanded of cellular phones If a monopolist wants to sell a greater quantity of output, it must tell consumers to buy more because it's a monopolist. lower its price. raise its price. raise its marginal cost. Mark loves ice cream. At any point in time, he will buy an additional ice cream cone if the marginal benefit from it exceeds the price. the marginal benefit from it is zero. his willingness to pay is less than the price. there is no deadweight loss produced by his purchase of a cone. None of the above answers is correct.Explanation / Answer
21. D
22. B (Some information is missing in your question. From the given information this seems the best alternative)
23. A
24. B
25. A