The deadweight loss represents the sum of additional consumer and producer surplus should the firm produce the quantity where P = MC rather than where MR = MC
What will be an ideal response?
True. If P = MC is produced, quantity increases, and the deadweight loss is turned into more CS and PS. This will increase total welfare.
Economics
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A US commercial bank can lend 100% of its total reserves
a. true b. false
Economics
Cashing out capital gains in Virtual Currency System #3 (i.e., turning virtual capital gains into real world currencies) causes the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money supply to remain the same. d. M2 money supply to fall.
Economics