When the price of gasoline is $2.20 per gallon, 11 million gallons are demanded, and when the price of gasoline goes up to $2.60 per gallon, 10 million gallons are demanded. The gasoline in this range has a(n)

Refer to Figure 5-15. Identify the area that shows the deadweight loss from overfishing

A) efh B) ekh C) eghk D) egh

If fixed cost at quantity (Q) = 100 is $130, then

a. fixed cost at Q = 0 is $0. b. fixed cost at Q = 0 is less than $130. c. fixed cost at Q = 200 is $260. d. fixed cost at Q = 200 is $130. e. it is impossible to calculate fixed costs at any other quantity.