Author Question: The above figure shows the market demand curve for mobile telecommunications (time spent on a mobile ... (Read 55 times)

jerry coleman · **on:** Jul 1, 2018

The above figure shows the market demand curve for mobile telecommunications (time spent on a mobile phone). If the price were 2.50, consumer surplus equals

A) 301.00.
B) 924.50.
C) 1,225.50.
D) 0

Question 2

During the Black Plague, capital became worthless. What can explain this?

A) Capital's marginal product fell because there was less labor.
B) Capitalists died off at a greater rate than the workers.
C) Capital's marginal product increased but the marginal product of labor decreased.
D) Workers forgot how to use the capital.