Suppose that Tim is willing to pay $50 for a dozen of roses for Kim on Valentine's Day. If he actually pays $2.50 per rose for the 12 roses, his total consumer surplus is:
A. $50.
B. $30.
C. $20.
D. $12.
Answer: C
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The __________ is equal to the current stock price minus the option exercise price
A) settlement price B) discount price C) intrinsic value D) mark-to-market settlement
International trade permits greater consumption than would be possible from the domestic production alone
a. True b. False Indicate whether the statement is true or false
Real, rather than nominal, figures are important to use when making comparisons of incomes across time periods because
What will be an ideal response?
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is CD. Molly's income is $75, the price of a DVD is $3 and the price of a CD is $5. At point D, she is buying ________ DVDs and ________ CDs.
A. 0; 15 B. 50; 30 C. 25; 15 D. 25; 0