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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 78 times)

futuristic

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

C

Answer to Question 2

A


futuristic

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Jossy

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

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