The above figure shows supply and demand curves for milk. In an effort to help farmers, the government passes a law that establishes a $3 per gallon price support. As a result, consumer surplus falls by

The difference in economic growth in North Korea and South Korea can be primarily attributed to differences in ________

A) the proximate causes of prosperity B) geography C) culture D) institutions

Arthur Bach is worth $780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing $200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?

a. cannot tell b. greater than $200 c. less than $200 d. 0 e. $200