Caren is willing to sell cakes at $5 per piece. The market price of each piece of cake is $10 . The producer surplus received by Caren from the sale of each piece is $10
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
The original mission of the World Bank was to
A) provide capital to underdeveloped countries. B) provide capital to firms around the world. C) provide financial assistance for the reconstruction of war-damaged nations. D) help countries manage their exchange rates.
Economics
American consumers decide to boycott soccer balls made by Nike in support of a ban on child labor. Everything else being equal, the: a. price of Nike soccer balls will rise
b. supply of Nike soccer balls will fall. c. quantity of Nike soccer balls supplied will fall. d. demand curve for Nike soccer balls shifts to the right.
Economics