Refer to the figure above. If a price control is imposed at $8, what is the deadweight loss?

Explain the difference between the Moving Average and Exponential Smoothing approaches to forecasting

What will be an ideal response?

Suppose a publisher faces the following costs of producing 10,000 newspapers each month: $5,500 cost of labor; $2,200 monthly mortgage payment; $250 cost of electricity to run the printing presses; $800 for ink and paper; and $200 in city property taxes (based on the value of the building and land). Its total variable costs are:

a. $8,950. b. $8,750. c. $6,550. d. $6,300. e. $5,500.