The producer surplus is found by subtracting the ________ and then adding the difference for all units sold
A) marginal cost from price
B) price from marginal cost
C) marginal benefit from total benefit
D) marginal cost from marginal benefit
E) deadweight loss from the price
B
Economics
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For a risk-averse individual, as wealth increases, total utility
A) increases at a decreasing rate. B) increases at a constant rate. C) increases at an increasing rate. D) is constant.
Economics
The government is running a budget deficit if:
A. government spending is greater than tax revenue. B. tax revenue is greater than government spending. C. tax revenue is greater than consumption spending. D. tax revenue is greater than investment spending.
Economics