This topic contains a solution. Click here to go to the answer

Author Question: The difference between the price the consumer is willing to pay for a good or service and what he ... (Read 72 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
The difference between the price the consumer is willing to pay for a good or service and what he would have to pay for that unit is called:
 a. the total gains from trading that unit.
  b. the gain in producer surplus.
 c. the gain in consumer surplus.
 d. the total surplus.

Question 2

The theory that private negotiations have the potential to make some people better off without making anyone worse off when negative externalities are present is known as:
 a. the Negative Externality Theorem.
  b. the Sexton Theorem.
 c. the Coase Theorem.
 d. the Abatement Theorem.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

c

Answer to Question 2

c




Zoey63294

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
:D TYSM


vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library