The figure above represents the competitive market for slices of key lime pie. When the price is $3, the total consumer surplus equals
A) $120.
B) $90.
C) $60.
D) $0.
E) None of the above answers is correct.
C
Economics
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Refer to the indifference curve in Figure 3.3. Which of the following statements about marginal utility (MU) is correct?
A) MU(A) = 0. B) MU(B) = 0. C) MU(A) is negative. D) MU(B) is negative.
Economics
Which nation is NOT one of the current members of the European Union?
A) Greece B) Germany C) Sweden D) Norway
Economics