Author Question: Consumer surplus can be used to compare the effects of any of the following except for different a. ... (Read 39 times)

tuffie · **on:** Jun 30, 2018

Consumer surplus can be used to compare the effects of any of the following except for different
a. market structures
b. tax structures
c. production technologies, such as capital-intensive versus labor-intensive
d. public programs
e. levels of medical care benefits

Question 2

The fact that some consumers will purchase a nine-ounce bottle of Evian water for 1.49, equivalent to 21.19 per gallon, illustrates the principle that the additional cost of the water is greater than the additional benefit.
a. True
b. False