Question: checking if these are correct Question 24 (1 point) Saved Market demand is given as QD = 60 - 3P. Market supply is given as
checking if these are correct




Question 24 (1 point) Saved Market demand is given as QD = 60 - 3P. Market supply is given as QS = 3P. In a perfectly competitive equilibrium, what will be the value of consumer surplus? $10 $50 $75 O $150Question 30 (1 point) Saved Table 3-6 Labour hours needed to make I unit: Amount produced in 40 hours: Cheese Bread Cheese Bread Denmark 30 120 54 18 Italy 40 160 60 15 Refer to Table 3-6. What is the opportunity cost of one unit of cheese in Denmark? . 1/4 bread 1/2 bread 2 breads 4 breads\fQuestion 11 (1 point) Saved Table 3-3 Labour hours needed to make Amount produced in 40 hours: one unit: Sweater Coat Sweater Coat Maria 40 5 Courtney 20 2 8 Refer to Table 3-3. What does each of the two producers have a comparative or absolute advantage in? Maria has a comparative advantage in sweaters, and Courtney has an absolute advantage in neither good. Maria has a comparative advantage in coats, and Courtney has an absolute advantage in sweaters. Maria has a comparative advantage in sweaters, and Courtney has an absolute advantage in coats. Maria has a comparative advantage in coats, and Courtney has an absolute advantage in both goods
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