In the figure above, at the market price of $15, the consumer surplus equals

Author Question: In the figure above, at the market price of $15, the consumer surplus equals (Read 111 times)

jace

Hero Member
Posts: 541

on: May 24, 2019

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.

Foundations of Microeconomics ¦ Bade, Parkin ¦ 8^th Edition

Buy Test-Bank

courtney_bruh

Sr. Member
Posts: 308

Reply #1 on: May 24, 2019

$10,000.

Need homework help now?

Ask unlimited questions for free

Ask a Question

jace

Hero Member
Posts: 541

Reply #2 on: May 24, 2019

courtney_bruh

Sr. Member
Posts: 308

Reply #3 on: May 24, 2019

You're welcome

« previous next »

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.