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Author Question: The difference between the price the consumer is willing to pay for a good or service and what he ... (Read 73 times)

Zoey63294

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on: Jun 30, 2018
The difference between the price the consumer is willing to pay for a good or service and what he would have to pay for that unit is called:
 a. the total gains from trading that unit.
  b. the gain in producer surplus.
 c. the gain in consumer surplus.
 d. the total surplus.

Question 2

The theory that private negotiations have the potential to make some people better off without making anyone worse off when negative externalities are present is known as:
 a. the Negative Externality Theorem.
  b. the Sexton Theorem.
 c. the Coase Theorem.
 d. the Abatement Theorem.


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TDubDCFL

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


Zoey63294

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Missbam101

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

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