Author Question: If a buyer enjoys a consumer surplus of 25 when he purchases a good for 50, his willingness to pay ... (Read 42 times)

chandani · **on:** Jun 29, 2018

If a buyer enjoys a consumer surplus of 25 when he purchases a good for 50, his willingness to pay for the good is ________.

A) 2
B) 25
C) 50
D) 75

Question 2

At the moment, the Federal Reserve keeps the discount rate above the fed funds rate. In so doing, they are

A) discouraging commercial banks from borrowing from the Fed.
B) encouraging commercial banks to borrow from each other.
C) doing both A and B.
D) doing none of the above.