Bob purchases a book for $6, and his consumer surplus is $2 . How much is Bob willing to pay for the book?
a. $6.
b. $2.
c. $8.
d. $4.
c
Economics
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In the above figure, point A represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) an increase in aggregate demand.
Economics
Which of the following is a potential operating instrument for the central bank?
A) the monetary base B) the M1 money supply C) nominal GDP D) the discount rate
Economics
A person who has lost his or her job because it is now performed by a robot is structurally unemployed
a. True b. False Indicate whether the statement is true or false
Economics
The point of maximum profit for a business firm is where:
A. P = AC. B. TR = TC. C. MR = AR. D. MR = MC.
Economics