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Author Question: Joe is willing to pay 4 for his first slice of pizza and 3 for his second slice of pizza. If the ... (Read 173 times)

jho37

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on: Jun 29, 2018
Joe is willing to pay 4 for his first slice of pizza and 3 for his second slice of pizza. If the price is 2, on his two slices of pizza Joe receives a total consumer surplus of
 
  A) 4.
  B) 3.
  C) 2.
  D) 1.

Question 2

Price ceilings, such as rent ceilings, set below the equilibrium price
 
  A) increase producer surplus.
  B) decrease producer surplus.
  C) do not affect producer surplus.
  D) might increase or decrease producer surplus.


chereeb

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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jho37

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Reply #2 on: Jun 29, 2018
Correct answers!


chereeb

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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