The figure above shows the market for milk. If the efficient quantity of milk is produced, the producer surplus is
A) $100.
B) $400.
C) $200.
D) $600.
A
You might also like to view...
A municipal bond issued by the state of Colorado to construct a new toll highway is a __________ bond
A) revenue B) collateralized C) general obligation D) Treasury
Which of the following is an example of opportunity cost?
A. The income that could have been earned by working full-time instead of going to college. B. The decline in the grades of a student athlete that occurs because she decides to spend more time practicing sports than on her academic work. C. The value of other things you could have done with the same time and money it cost you to go to the movies. D. All of the choices are examples of opportunity cost.
In a market capitalist economy, which of the following is not an accepted role for government?
A) provision of national defense B) enforcing a legal system C) establishing policies to encourage full employment D) All of the above are acceptable roles for government.
The international investment position of a country shows
A. its stocks of international assets and liabilities at a point in time. B. its stocks of international assets during a time period. C. its stocks of international liabilities during a time period. D. whether its current account is in deficit or surplus at a point in time.