If the price of a candy bar increases from $1 to $1.50, the ____ will increase
a. producer surplus
b. consumer surplus
c. opportunity cost of producing a candy bar
d. social marginal cost of producing a candy bar
a
Economics
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Consumption expenditures include all of the following EXCEPT
A) going to a concert. B) having your house cleaned by Klean Maids. C) buying a pizza. D) purchasing a share of stock.
Economics
In perfect competition, an increase in the firm’s fixed costs lead to
A. a drop in the firm’s output. B. an increase in the firm’s output. C. an increase in its total costs. D. a drop in industry output.
Economics