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Author Question: Consumer surplus is: a. the area underneath the demand curve. b. the total utility derived from ... (Read 99 times)

dalyningkenk

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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


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manuelcastillo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


dalyningkenk

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

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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