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Author Question: Intermediate goods and services are one of the largest components of the expenditure approach to ... (Read 93 times)

jlmhmf

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on: Jun 29, 2018
Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP.
 
  Indicate whether the statement is true or false

Question 2

If resources are used efficiently, then ________.
 
  A) marginal social cost is minimized
  B) consumer surplus plus producer surplus is maximized
  C) consumer surplus equals producer surplus
  D) producer surplus is maximized


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taylorsonier

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

FALSE

Answer to Question 2

B


jlmhmf

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Reply 2 on: Jun 29, 2018
Gracias!

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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