In the figure above, the dark triangle is the
A) consumer surplus.
B) deadweight loss.
C) producer surplus.
D) total cost.
E) economic profit.
A
You might also like to view...
Marginal costs and marginal benefits
A) do not include sunk costs. B) include sunk costs. C) are really just fixed costs. D) are not useful in decision making.
The group within the Federal Reserve System that determines the general course for the nation's money supply is the
a. Federal Monetary Oversight Committee b. Federal Advisory Council c. Board of Governors d. Department of Commerce e. Federal Open Market Committee
The clear winners from the quota are the ________, and the losers are the ________.
A. domestic producers; domestic consumers B. government; domestic consumers C. domestic consumers; domestic producers D. importers; domestic producers
The marginal benefit of pollution abatement is graphically illustrated by
A. a vertical curve. B. a downward sloping curve. C. a horizontal curve. D. an upward sloping curve.