Refer to the graph shown. If the price were somehow held at $8.15 per unit, consumer surplus would then equal:
A. 1,171.5.
B. 600.
C. 423.5.
D. 1,400.
Answer: C
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A stress test of banks, such as that undertaken in the Spring of 2009, is designed to:
A) ensure that banks have followed proper accounting standards B) make sure that banks are properly managed C) gauge how well banks would fare if the economy worsens D) estimate the impact of a bank panic on the overall economy
Individual price discrimination is used when
A) firms are dealing with individual consumers, such as in a line at the coffee shop. B) firms cannot easily determine consumers' reservation prices. C) firms are selling to non-local buyers. D) salespeople are in a difficult industry, such as auto sales.
A budget deficit occurs when government receipts exceed government spending
a. True b. False Indicate whether the statement is true or false
When someone borrows to purchase capital goods, he is using someone else's _____ to fund his _____
Fill in the blank(s) with correct word