Use the table below to answer the following question.UnitsMarket PriceMinimum Acceptable Price1$8$228438648858106814What is the value of producer surplus in the table above?
A. $6
B. $12
C. $44
D. $54
Answer: B
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An increase in currency held outside the banks is ________
A) a currency drain B) income C) a currency surplus D) wealth
If the government wants to generate a surplus as a contraction measure, the most effective method of doing so is to
a. hold taxes and decrease spending. b. increase taxes and hold or decrease spending. c. decrease both spending and taxes. d. increase both taxes and spending.
Three workers run a house painting business and always work the same number of hours together. The paint they use requires applying two coats. Each worker paints 200 square feet per hour using a roller or 80 square feet per hour using a brush. If a technological advance provides a paint that only requires one coat, their average labor productivity per hour as a team:
A. increases. B. remains the same. C. may either increase or decrease. D. decreases.
The equilibrium solution for the following payoff matrix is: AABA: ?1, B: ?1A: 2, B: 0BA: 0, B: 2A: 1, B: 1
A. 1, 1. B. ?1, ?1. C. 0, 2. D. 2, 0.