Suppose that a producer’s supply curve is estimated to be P = 15 + 3Q and that the product is sold at P = $45. At this price level, the firm’s producer surplus is

Sanjay has an ATV that he values at $3,000. Marilu is looking for a similar ATV but will only pay up to $2,400

Will trade between these two occur? Is there a policy government could implement that would encourage a trade to occur between Sanjay and Marilu? If so, what is that policy and will the policy make society richer?

What can be said about the comparison between the unemployment benefits offered in Europe and in the United States?

a. Unemployment benefits tend to be lower in Europe and are offered for shorter periods than in the United States b. Unemployment benefits tend to be higher in Europe and are offered for shorter periods than in the United States c. Unemployment benefits tend to be lower in Europe and are offered for longer periods than in the United States d. Unemployment benefits tend to be higher in Europe and are offered for longer periods than in the United States e. Unemployment benefits in Europe and the United States tend to be of similar magnitude and are offered for similar periods.