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Question
Refer to the graph shown. If the price were somehow held at $8.15 per unit, consumer surplus would then equal:
A. 1,400.
B. 600.
C. 423.5.
D. 1,171.5.
Answer
This answer is hidden. It contains 74 characters.
Related questions
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B. market incentive plans.
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If 1 Canadian dollar costs 0.60 U.S. dollar, 1 U.S. dollar costs: A. 0.40 Canadian dollar.
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One of the 10 sources of U.S. comparative advantage mentioned in the text is: A. religious diversity.
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Q:
If it takes you an hour to make a rational decision and the opportunity cost of that hour is $100, you will: A. always make rational decisions.
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Q:
Your opportunity cost of taking this course is: A. the tuition you paid for the course.
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Q:
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Alexandra has determined that studying an hour for her economics quiz will improve her grade on the quiz from 75 to 100. She also determines that this improvement is worth $20. To study for an hour for her economics quiz, however, she will have to work one fewer hour at her part-time job. Alexandra should: A. study for the quiz as long as her hourly wage rate is less than $20.
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Q:
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When a country runs a trade deficit, it does so by: A. borrowing from foreign countries or selling assets to them.
B. borrowing from foreign countries or buying assets from them.
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If Americans suddenly wanted European products because they were deemed more fashionable, the: A. demand curve for the euro would shift right.
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Q:
All of the following would cause the yen (currency of Japan) to appreciate except: A. the discovery of a vegetable only grown in Japan that could be used as biofuel.
B. increased interest rates on Japanese financial assets.
C. a decrease in Japanese income.
D. a new, global trend for Japanese sushi.