Refer to Figure 6.3. Suppose the price of pizza is $9.75. Then consumer surplus is:





A. $3.75.



B. $3.50.



C. $29.25.



D. $33.00.


A. $3.75.

Economics

You might also like to view...

Total cost divided by the total number of inputs is called:

a. marginal cost b. average cost c. total cost d. variable cost

Economics

Which of the following is excluded in the current account?

a. Goods exports. b. Goods imports. c. Capital inflow and outflow. d. Net unilateral transfers.

Economics

If many firms producing similar headphones enter the market, the demand for the headphones produced by existing firms will most likely ______.

a. be reduced b. increase c. remain constant d. fluctuate

Economics

Which of the following made tying contracts illegal and banned price discrimination with the intent to monopolize?

A. the Clayton Act B. the Cellar-Kefauver Act C. the Federal Trade Commission Act D. the Sherman Act

Economics