The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from all 15 sodas is
A) $15.00.
B) $22.50.
C) $11.25.
D) $8.00.
E) $1.50.
C
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How is it possible for marginal cost to equal to the slope of either the total variable cost function or the total cost function?
What will be an ideal response?
The cross-price elasticity of demand for coffee and caskets is likely to be
A) less than zero. B) greater than zero. C) zero. D) infinity.
The prices in an economy fell by 1.12 percent during a given financial year. The real GDP of the economy in that year was $4.67 trillion. The value of the GDP deflator of the economy in that year was equal to _____
a. 104.67 b. 95.33 c. 101.12 d. 98.88
What are the effects of migration from developing nations?
a. It entices workers from industrial economies to emigrate to developing nations. b. It improves the technical efficiency of the developing nation's workforce. c. It provides a valuable safety valve for poor nations. d. It prevents brain drain.