If the producer surplus in a market for a good is $36 and the consumer surplus in the market for the same good is $9, the social surplus in the market is ________
A) $4
B) $27
C) $45
D) $324
C
You might also like to view...
When a budget deficit occurs in the United States, the U.S. Treasury finances this deficit by
A) borrowing. B) imposing a moratorium of new government spending. C) increasing the tax rate. D) printing more dollars.
In a competitive market the price is $8 . A typical firm in the market has ATC = $6, AVC = $5, and MC = $8 . How much economic profit is the firm earning in the short run?
a. $0 per unit b. $1 per unit c. $2 per unit d. $3 per unit
A slowing U.S. economy and increased enforcement of immigration laws will reduce ________ factors for Mexican immigration to the United States
A) demand growth B) demand pull C) supply push D) supply growth
Capital stock is the current market value of all of the shares of stock a company has.
Answer the following statement true (T) or false (F)