3841857
Descrição
Quiz por Abdelmuizz Yusuf, atualizado more than 1 year ago
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Criado por Abdelmuizz Yusuf
quase 9 anos atrás
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Questão 1
Questão
Which best describes consumer surplus
Responda
-
The price consumers are willing to pay for a unit
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The cost of providing a unit
-
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
Questão 2
Questão
Community surplus equals:
Responda
-
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
Questão 3
Questão
What best describes producer surplus
Responda
-
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
Questão 4
Responda
-
D
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C
-
A
-
B
Questão 5
Responda
-
D
-
A
-
C
-
B
Questão 6
Responda
-
A+C
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B+D
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A+B
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D+C
Questão 7
Questão
What is the producer surplus at equilibrium price
Responda
-
15
-
10
-
25
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None of the above
Questão 8
Questão
What is the consumer surplus at the equilibrium price
Responda
-
10
-
15
-
25
-
None of the above
Questão 9
Questão
Calculate the total societal welfare at equilibrium price
Responda
-
10
-
15
-
25
-
None of the above
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