Author Question: The attempt to capture consumer surplus, producer surplus, or economic profit is called ________. ... (Read 136 times)

cookcarl · **on:** Jun 29, 2018

The attempt to capture consumer surplus, producer surplus, or economic profit is called ________.

A) a natural monopoly
B) price discrimination
C) rent seeking
D) gouging

Question 2

Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitchen does the marginal product of labor exceed the average product of labor?

A) at 10 gallons
B) at 40 gallons
C) at 70 gallons
D) all of the above