In a figure, the consumer surplus is equal to the area ________ the ________ curve and ________ the price

A) above; demand; above
B) below; supply; below
C) below; demand; below
D) below; demand; above
E) above; supply; below

D

Economics

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When private companies offer health insurance to their employees the insurance carrier they contract with typically requires that all employees be obligated to participate and pay premiums whether they wish to or not

What problem is the health insurance company trying to avoid? How does this policy mitigate this problem?

Economics

At the current price of a good, Al's consumer surplus equals 15, and Ben's consumer surplus equals 15. By charging a two-part tariff, a monopolist could increase his profit by

A) 8. B) 16. C) 15. D) 30.

Economics