If consumers' surplus is $30 and the price paid for the good is $50, then the maximum price a buyer is willing and able to pay for the good is
A) $80.
B) $30.
C) $50.
D) $20.
E) There is not enough information to answer the question.
A
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If the population of Country A grows at 3% a year but technology growth is zero, then the neoclassical model predicts that in the steady state
a. the capital-to-labor ratio will increase at 3% a year. b. per capita output to grow at 3% a year. c. per capital output to grow at less than 3% a year. d. the capital-to-labor ratio to decrease at 3% a year. e. a and b.
A legal entity owned by individual stockholders:
a. cooperative b. corporation c. trade association d. limited partnership e. sole proprietorship
The New Deal was a government outgrowth of World War I.
Answer the following statement true (T) or false (F)
Which of the following will NOT lead to a shift in the investment function?
A. A firm is more certain about its future profitability. B. The cost of borrowing funds has decreased. C. The government just lowered business taxes. D. A new discovery leads to a technological advancement.