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Title: The big tradeoff is a tradeoff between : Post by: jessicakissinge on Feb 26, 2018 The big tradeoff is a tradeoff between
A) efficiency and fairness. B) consumer surplus and producer surplus. C) taxes and subsidies. D) price ceilings and price floors. Ques. 2 In an oligopoly with two firms, one firm's share of the market is 70 percent. The Herfindahl-Hirschman Index is ________. A) 4,900 B) 0.7 C) 5,800 D) 100 Ques. 3 A perfectly competitive firm is making an economic profit when A) its total revenue is greater than its total cost. B) the price is greater than the minimum of its average total cost. C) the price is greater than the minimum of its average variable cost. D) Both answers A and B are correct. Ques. 4 In the figure above, the richest 20 percent of households receive ________ of total income. A) 55 percent B) 45 percent C) 80 percent D) 60 percent Ques. 5 The figure above shows a local lawn cutting service's demand for labor curve when the price of cutting an acre of lawn is 50 per acre. If the wage rate rises from 100 per day to 200 per day, the firm's demand for labor curve A) shifts leftward. B) shifts rightward. C) does not shift at all, but the firm moves upward along the curve. D) None of the above because this change shifts the supply of labor curve. Title: The big tradeoff is a tradeoff between : Post by: medes1 on Feb 26, 2018 Content hidden
Title: The big tradeoff is a tradeoff between : Post by: jessicakissinge on Feb 26, 2018 Thank you for taking the time to explain this
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