Suppose the price of a scooter is $200 and Cora Lee is willing to pay $250. Cora Lee's
A) consumer surplus from that scooter is $200.
B) consumer surplus from that scooter is $50.
C) marginal benefit from that scooter is $100.
D) consumer surplus from that scooter is $150.
E) consumer surplus from that scooter is $250.
B
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Refer to the scenario above. Rebecca should place a bid of ________
A) $40,500 B) $45,000 C) $50,000 D) $55,000
The Patient Protection and Affordable Care Act (ACA) is scheduled to be fully implemented by 2019, at which point
A) more than 30 million additional individuals are expected to have health care coverage. B) all hospitals in the United States will be taken over by the federal government. C) private health insurance companies will no longer exist in the United States. D) current budget cuts are expected to have completely offset the cost of the program.
Which one of the following will shift the investment demand curve leftward?
A. a technological breakthrough B. higher tax rates C. optimistic business expectations D. a lower rate of capacity utilization
The infant-industry argument is often criticized because
A. it reduces labor productivity in the short term. B. it reduces government revenues in the short term. C. it is difficult to determine which industry merits protection. D. it reduces the employment rate.