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380 quiz 6 key

380 quiz 6 key - Quiz 6 W201 1 R Pope 1 The government of...

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Unformatted text preview: Quiz 6 W201 1 R. Pope 1. The government of Mundano whiches to subsidize mosquito nets for sleeping. It wishes to lower the price from $3 .80 to $2.00. Illustrate graphically using the change in consumer surplus what the subsidy is worth to consumers. ' : ma fight}. {it-7.: Martha 2. What determines if the answer in 1. is different than the answer that one wouldu'get from using, Hick’s compensating variation (CV)? Define CV and then answer what might make CV different from the answer in l. A ...
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