The benefits to a program are more difficult to quantify in dollar terms that the costs to a program

The above figure shows the market for biologists. The government decides to set a minimum wage for biologists of $18 per hour

After this minimum wage is in effect, and taking account of the resources lost in job search, workers' surplus equals ________. A) $800 B) $900 C) $400 D) $1,800 E) $200

Despite the Postal Service's legal monopoly over first-class mail delivery,

a. the price of a first-class stamp has not changed for over a decade b. the price of a first-class stamp has fallen as delivery volume increased c. it still produces along the inelastic range of the market demand curve d. its faces competition from foreign suppliers e. it has lost huge chunks of other mail classes to private firms