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Author Question: In the above figure, what is the total consumer surplus from all the milk bought if the price of ... (Read 130 times)

SO00

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In the above figure, what is the total consumer surplus from all the milk bought if the price of milk is 3.00 per gallon?
 
  A) 16 million
  B) 12 million
  C) 4 million
  D) 2 million

Question 2

The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a point that is unattainable?
 
  A) 0 units of good X and 40 units of good Y
  B) 6 units of good X and 28 units of good Y
  C) 10 units of good X and 16 units of good Y
  D) 3 units of good X and 35 units of good Y



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CourtneyCNorton

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Answer to Question 1

C

Answer to Question 2

C





 

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