The figure above shows the market for coffee If the government pays the coffee producers a subsidy and production increases to 30 million pounds per day, the deadweight loss is

A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue

a. True b. False Indicate whether the statement is true or false

In general, in a given rich country the ______________ the opportunity cost for a woman of having and raising a child, the _____________ children she will have

A) higher; fewer B) higher; more C) lower; fewer D) lower; more E) a and d