« previous next »

Author Question: Alice is willing to pay 3 for the second slice of pizza she eats. The price she pays is 2. Alice's ... (Read 124 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Alice is willing to pay 3 for the second slice of pizza she eats. The price she pays is 2. Alice's consumer surplus for this slice of pizza equals
 
  A) 0.
  B) 1.
  C) 2.
  D) 3.

Question 2

In the short run, the intersection of the aggregate demand and the short-run aggregate supply curves,
 
  A) determines the equilibrium price level.
  B) is a point where there is neither a surplus nor a shortage of goods.
  C) determines the equilibrium level of real GDP.
  D) All of the above answers are correct.


apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Alan Price - Poor People Alan Price - Poor People
Pizza and eating disorders can be life threatening Pizza and eating disorders can be life threatening
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Pizza Slices Pizza Slices
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library