Author Question: Consumer surplus is the ________ summed over the quantity bought. A) marginal social benefit ... (Read 82 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
Consumer surplus is the ________ summed over the quantity bought.
 
  A) marginal social benefit minus the marginal social cost
  B) number of dollars' worth of other goods and services forgone to obtain one more unit of a good or service
  C) value of a good or service minus the price paid for the good or service
  D) value of a good or service plus the price paid for the good or service

Question 2

A market demand curve can be constructed by
 
  A) adding the prices all consumers will pay for any given quantity.
  B) adding the quantities that all consumers buy at each price.
  C) adding the quantities that a consumer buys at the highest price.
  D) None of the above answers is correct.



annierak

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

Posted another one can you check that one too? Thanks.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library