In the above figure, if the market price is 100 per ton, then the firm's producer surplus on the second ton of wheat is
A) 25.
B) 50.
C) 75.
D) 100.
Question 2
In the summer 2012 the lobster catch in Maine was especially large, but instead of celebrating the fisherman were suffering from a lower total revenue. (Source: New York Times, July 28, 2012 ) As the lobster catch increases, there is
A) a movement along the demand curve, resulting in a higher price and a decreased quantity.
B) a movement along the demand curve, resulting in a lower price and an increased quantity.
C) no change in either the price or the quantity.
D) a movement along the demand curve, resulting in a higher price and an increased quantity.
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
Annual Federal Deficit (or Surplus), 1992–2016
Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme
Figure and Ground
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
Cut the figure into two identical parts