This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consumer surplus is: a. the area underneath the demand curve. b. the total utility derived from ... (Read 87 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jun 30, 2018
Consumer surplus is:
 a. the area underneath the demand curve.
 b. the total utility derived from consuming a good.
 c. the marginal utility of the last unit consumed multiplied by the number of units consumed.
 d. the difference between what consumers are willing to pay and what they are required to pay for a good.

Question 2

When the economy is far below the natural rate of real output, efforts to change inflation with monetary policy will be ____ successful and efforts to stimulate the economy will be ____ successful.
 a. More; less
 b. More; more
  c. Less; less
 d. Less; more


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Two representations of heme (derived from PDB ID 1CCR). The iron atom Two representations of heme (derived from PDB ID 1CCR). The iron atom
A charcoal canister can be located under the hood or underneath the vehicle. A charcoal canister can be located under the hood or underneath the vehicle.
The popliteal area. Avoid heavy pressure over the back of the knee joint. The popliteal area. Avoid heavy pressure over the back of the knee joint.
How to find the area of a function using limits and Riemann sums How to find the area of a function using limits and Riemann sums
How to approximate the area of a function using midpoints How to approximate the area of a function using midpoints
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
Video: Neurosynapse Animation

For a complete list of videos, visit our video library