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Author Question: The difference between the ________ for a good and the ________ is called consumer surplus. A) ... (Read 29 times)

Davideckstein7

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on: Jun 29, 2018
The difference between the ________ for a good and the ________ is called consumer surplus.
 
  A) lowest price a consumer is willing to pay; price the consumer actually pays
  B) highest price a consumer is willing to pay; price the consumer actually pays
  C) highest price a consumer is willing to pay; lowest price a consumer is willing to pay
  D) price the consumer actually pays; actual cost to the producer

Question 2

Refer to Figure 2-2. If Vidalia chooses to produce 80 dozen roses, how many orchids can it produce to maximize production?
 
  A) 24 dozen orchids B) 48 dozen orchids C) 60 dozen orchids D) 74 dozen orchids


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mjenn52

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

B

Answer to Question 2

B


Davideckstein7

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


mjenn52

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


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