In the above figure, at the equilibrium price and quantity, consumer surplus is ________
A) $90
B) $60
C) $45
D) $30
C
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Which of the following is an example of an implicit cost?
A) rent on a building B) the cost of fertilizer for a farmer C) the economic depreciation of capital equipment the business owns D) the cost of fuel and materials. E) wages paid to workers
Suppose that to increase sales of hybrid vehicles, auto manufacturers are offering large cash incentives. This is an example of a macroeconomic topic
Indicate whether the statement is true or false
Intellectual property rights protection is a critical issue for the pharmaceutical industry among others
Indicate whether the statement is true or false
Currently, about ________ of all health care spending is paid by individuals
A) 89 percent. B) 45 percent. C) 10 percent. D) 3 percent.