3841857
Beschreibung
Quiz von Abdelmuizz Yusuf, aktualisiert more than 1 year ago
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Erstellt von Abdelmuizz Yusuf
vor etwa 9 Jahre
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Frage 1
Frage
Which best describes consumer surplus
Antworten
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The price consumers are willing to pay for a unit
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The cost of providing a unit
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Profits made by a firm
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The difference between the price a consumer pays for an item and the price he/she is willing to pay for it
Frage 2
Frage
Community surplus equals:
Antworten
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Producer surplus minus consumer surplus
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Profits plus utility
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Total utility minus profits
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Consumer surplus plus producer surplus
Frage 3
Frage
What best describes producer surplus
Antworten
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The difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade.
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Profit made by producers
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Loss of cost of production by producers
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All of the above
Frage 4
Antworten
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D
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C
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A
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B
Frage 5
Antworten
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D
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A
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C
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B
Frage 6
Antworten
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A+C
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B+D
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A+B
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D+C
Frage 7
Frage
What is the producer surplus at equilibrium price
Antworten
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15
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10
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25
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None of the above
Frage 8
Frage
What is the consumer surplus at the equilibrium price
Antworten
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10
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15
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25
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None of the above
Frage 9
Frage
Calculate the total societal welfare at equilibrium price
Antworten
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10
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15
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25
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None of the above
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