Use the table below to answer the following question.UnitsMaximum Willingness to PayMarket Price1$14$102121031010481056106410What is the value of consumer surplus?
A. $6
B. $54
C. $44
D. $12
Answer: D
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Financial capital
A) depends on saving and borrowing decisions. B) is accumulated investment. C) depreciates each year. D) is another name for the machines and tools that businesses buy. E) is independent of physical capital.
Futures contracts are least likely to be traded on which of the following exchanges?
A) New York Stock Exchange B) Chicago Board of Trade C) Chicago Mercantile Exchange D) All of the above are equally likely to trade futures contracts.
Look at the above figure. A union wishes to maximize wage income for employed union members, so it should aim for a wage rate ________ and a number of employed members equal to ________
A) W1, Q3 B) W2, Q2 C) W3, Q1 D) W4, Q3
The two major curves or lines in the TE-TP diagram are:
A) the total expenditure curve and the 45-degree line. B) the supply and demand curves. C) the total expenditures and national income curves. D) the total production and national income curves.