Author Question: In the figure above, at the market price of $15, the consumer surplus equals (Read 125 times)

jace

  • Hero Member
  • *****
  • Posts: 541


In the figure above, at the market price of $15, the consumer surplus equals
◦ $10,000.
◦ $30,000.
◦ $40,000.
◦ 2,000 units.
◦ $20,000.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jace

  • Hero Member
  • *****
  • Posts: 541

courtney_bruh

  • Sr. Member
  • ****
  • Posts: 308

 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

For a complete list of videos, visit our video library