Author Question: The amount Jacqueline receives for selling cupcakes beyond the minimum she would be willing to sell ... (Read 38 times)

olgavictoria · **on:** Jun 29, 2018

The amount Jacqueline receives for selling cupcakes beyond the minimum she would be willing to sell the cupcakes for is called

A) consumer surplus.
B) producer surplus.
C) cooperative surplus.
D) deadweight loss.

Question 2

What is an economy?

What will be an ideal response?

katieost · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

An economy is a type of organization that produces goods and services and then allocates those goods and services to its members.