Multiple Choice
Hummel is a line of figurines based on the artistic style of German nun Maria Innocentia Hummel and have become a collector's item. The Hummel figurines are almost uniformly "cute." Lukas, Felix, Anya, and Hannah sell Hummel figurines through the internet. Their willingness to sell price for one figurine is: Lukas $240, Felix $180, Anya $150, Hannah $130. Suppose the price of a Hummel figurine is $150, what is Felix's producer surplus?
A) Felix would not sell his figurine.
B) $180
C) $150
D) $30
Correct Answer:
Verified
Correct Answer:
Verified
Q222: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure
Q223: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q224: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q225: Which curve is the same as the
Q226: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q228: Allocative efficiency occurs when<br>A) marginal social cost
Q229: If the marginal social benefit exceeds the
Q230: One problem with the concept of utilitarianism
Q231: At the current level of output, the
Q232: _ is the value of a good