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Author Question: A measure of all the satisfaction you receive from all the coffee that you consume is your A) ... (Read 85 times)

futuristic

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A measure of all the satisfaction you receive from all the coffee that you consume is your
 
  A) marginal utility of coffee.
  B) marginal utility per dollar spent on coffee.
  C) total utility from coffee.
  D) marginal utility per dollar spent on coffee when you are in your consumer equilibrium.

Question 2

A market is allocatively efficient if
 
  A) the sum of the consumer surplus and the producer surplus has been maximized.
  B) consumer surplus has been maximized.
  C) producer surplus has been maximized.
  D) profit has been maximized.



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djpooyouma

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Answer to Question 1

C

Answer to Question 2

A




futuristic

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


blakcmamba

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

 

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