The difference between the ________ for a good and the ________ ...

[Davideckstein7]

The difference between the ________ for a good and the ________ is called consumer surplus.
 
  A) lowest price a consumer is willing to pay; price the consumer actually pays
  B) highest price a consumer is willing to pay; price the consumer actually pays
  C) highest price a consumer is willing to pay; lowest price a consumer is willing to pay
  D) price the consumer actually pays; actual cost to the producer

Question 2

Refer to Figure 2-2. If Vidalia chooses to produce 80 dozen roses, how many orchids can it produce to maximize production?
 
  A) 24 dozen orchids B) 48 dozen orchids C) 60 dozen orchids D) 74 dozen orchids

[mjenn52]

Answer to Question 1

B

Answer to Question 2

B

[Davideckstein7]

Correct answers!

[mjenn52]

Great! Please up vote