Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36
A) Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket.
B) Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets.
C) Violet and Walter will each buy two tickets.
D) Walter will receive $4 of consumer surplus from buying one ticket.
D
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Maria can work as a coal miner, where the probability of being killed in a work-related accident is 5/8,000, or she can earn work as a truck driver, where the probability of being killed in a work-related accident is 2/8,000
Using the compensating differential approach, the value of Maria's life is $4 million. How much more per year will working as a coal miner pay than working as a truck driver? A) $1,500 B) $2,000 C) $2,500 D) $3,500
Because central banks intervene in currency markets, the term ____ has been used to describe the system
a. planned float b. controlled float c. flexible d. dirty float