This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consumer surplus is: a. the area underneath the demand curve. b. the total utility derived from ... (Read 41 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
on: Jun 30, 2018
Consumer surplus is:
 a. the area underneath the demand curve.
 b. the total utility derived from consuming a good.
 c. the marginal utility of the last unit consumed multiplied by the number of units consumed.
 d. the difference between what consumers are willing to pay and what they are required to pay for a good.

Question 2

When the economy is far below the natural rate of real output, efforts to change inflation with monetary policy will be ____ successful and efforts to stimulate the economy will be ____ successful.
 a. More; less
 b. More; more
  c. Less; less
 d. Less; more


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


dalyningkenk

  • Member
  • Posts: 598
Reply 2 on: Jun 30, 2018
Gracias!

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Area of Manatee Population Area of Manatee Population
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Oxygen dissociation curve Oxygen dissociation curve
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Mataphase chromosomes that are derived from chromatin during mitosis Mataphase chromosomes that are derived from chromatin during mitosis
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Video: Types of energy transfer reactions: oxidation-reduction reactions and ATP generation reactions

For a complete list of videos, visit our video library