The area below the demand curve but above the market price line is
A) represents a Nash game outcome.
B) consumer surplus.
C) total revenue.
D) total profit.
B
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Refer to Mexico and Japan. Which country is the more efficient food producer, and which country is the more efficient cloth producer?
a. Mexico is the more efficient food producer, and Japan is the more efficient cloth producer.
b. Japan is the more efficient food producer, and Mexico is the more efficient cloth producer.
c. Mexico is the more efficient producer of both goods.
d. Japan is the more efficient producer of both goods.
In perfect competition, why is a firm's marginal revenue curve also the demand curve for the firm's output?
What will be an ideal response?
What is the relationship between debt, falling commodity prices and rainforest degradation?
What will be an ideal response?
If the country of Zorg has a birth rate of greater than 2.2 births per woman, it is likely that Zorg is an industrial market country
a. True b. False