Author Question: The external benefit of a good A) equals its consumer surplus. B) equals its producer surplus. ... (Read 181 times)

appyboo · **on:** Jun 29, 2018

The external benefit of a good

A) equals its consumer surplus.
B) equals its producer surplus.
C) equals its total surplus.
D) is a benefit from the good falling on people who are not the consumers of the good.

Question 2

Graphing the data in the above table with the number of workers on the horizontal axis and the average cost on the vertical axis, the graph would show

A) first a negative and then a positive relationship.
B) a horizontal line.
C) no relationship.
D) a linear relationship.