Multiple Choice
Which of the following is an example of consumer surplus?
A) Sue would have paid $15 for a new compact disc but paid only $10.
B) Jose buys a hamburger for $2 and tells you he would not have paid a penny more.
C) Mary buys a pad of paper for $2 and finds the same good at another store for $1.50.
D) John believes the price he paid for his computer was too high.
E) Anne finds a mountain bike for which she is willing to pay a maximum of $550 and the price of the bike is $600.
Correct Answer:

Verified
Correct Answer:
Verified
Q73: The cost of producing one more unit
Q74: Which of the following can result in
Q75: Which of the following is most closely
Q76: The 'big tradeoff' refers to<br>A) efficiency and
Q77: The marginal cost curves slope upward because
Q79: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q80: Why does redistribution, so that the distribution
Q81: In general, the marginal benefit curve<br>A) has
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -When underproduction occurs,
Q83: Mark loves ice cream. At any point