Multiple Choice
The economic surplus of an action is:
A) the benefit gained by taking an action.
B) the difference between the explicit and implicit costs of taking an action.
C) the difference between the benefit and the cost of taking an action.
D) the money a person has left over after taking an action.
Correct Answer:

Verified
Correct Answer:
Verified
Q83: Jody has purchased a non-refundable $75 ticket
Q84: Your classmates from the University of Chicago
Q85: You are trying to decide whether to
Q86: Refer to the accompanying table below. The marginal
Q87: The number of U.S. households with access
Q89: Larry was accepted at three different graduate
Q90: Refer to the accompanying table below. The
Q91: Janie must choose to either mow the
Q92: The accompanying table below shows how total donations,
Q93: Due to the fact that Curly used