?
Refer to Table 4-1. At $10, what is the surplus?
A. 4,500
B. 3,000
C. 1,500
D. 0
Answer: A
You might also like to view...
Which of the following is true?
i. A rational choice is made on the margin. ii. Microeconomics is the study of the national economy while macroeconomics is the study of the global economy. iii. Economists try to understand how the economic world works by testing normative statements. A) only i B) i and iii C) only ii D) only iii E) i and ii
A credible promise is:
A. possible to keep. B. in the promiser's interest to keep. C. legally enforceable. D. made by an honest person.
A positive cross-elasticity of demand between two goods indicates that the two goods are both normal goods.
a. true b. false
The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. There is a marginal external ________ of ________ per ton
A) benefit; $200 B) benefit; $100 C) cost; $200 D) cost; $100