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 73 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
YES! Correct, THANKS for helping me on my review

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

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?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

A fuel pump in a farming area that clearly states the red diesel fuel is for off-road use only ... A fuel pump in a farming area that clearly states the red diesel fuel is for off-road use only ...
The popliteal area. Avoid heavy pressure over the back of the knee joint. The popliteal area. Avoid heavy pressure over the back of the knee joint.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Bacteria growth curve Bacteria growth curve
An electron micrograph of chloroplast DNA (cpDNA) derived from lettuce An electron micrograph of chloroplast DNA (cpDNA) derived from lettuce
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library