The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). At the current price of $0.35 per minute, consumer surplus equals
A) $301.00.
B) $924.50.
C) $1,225.50.
D) $1,250.00.
B
Economics
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In the above table, if the marginal factor cost is $20, how many workers would be hired?
A) 3 B) 4 C) 5 D) 6
Economics
The social contract is an idea from:
a. Marx b. Ricardo c. Smith d. Locke e. Hayek
Economics
If the marginal propensity to save is 0.2, what is the expenditure multiplier?
a. 0.8 b. 1.2 c. 2 d. 5
Economics
When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy. B. contractionary monetary and fiscal policies. C. expansionary monetary and fiscal policies. D. a contractionary monetary policy and an expansionary fiscal policy.
Economics