All games involve which of the following?
A. Chance events
B. Cards
C. Rules
D. Dice
Answer: C
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What area in the above figure is the consumer surplus at the efficient quantity?
A) A B) A + B + C C) F D) D + E + F
Suppose that Amber's demand for gasoline is given by G = 1000 - 200PG, where G stands for gallons of gas and PG represents the price of gas. (a) Suppose gas sells for $2 per gallon. What is Amber's consumer surplus? Illustrate your answer graphically. (b) Suppose the price of gas rises to $3 per gallon. What is the change in Amber's consumer surplus? Illustrate this change in your graph
What will be an ideal response?
What are the three externalities that are associated with driving cars and trucks?
In the graph below at P*, the firm is making ________ economic profits. 
A. positive B. an indeterminate level of C. zero D. negative