Consumer’s surplus exists only for the last unit of a good that a buyer has purchased.
Answer the following statement true (T) or false (F)
False
Economics
You might also like to view...
Income taxes are taxes paid on wages and investment income
Indicate whether the statement is true or false
Economics
One factor which brought on the recession of 2007-2009 was the end of the housing bubble
Indicate whether the statement is true or false
Economics
Interest earned on funds compounds because in future years, interest is earned on ________.
A) the principal and interest received in previous years only B) interest received in previous years only C) principal only D) future values
Economics
How would the labor demand curve of a large mortgage company be affected by a drop in mortgage interest rates that sparks a rush on home buying?
a. shift to the left b. shift to the right c. shift upward d. shift downward
Economics