Table 4-1
Use this table for the following questions.
Refer to Table 4-1. At $10, what is the surplus?
a.
4,500
b.
3,000
c.
1,500
d.
0
a
You might also like to view...
A common unscrupulous financial practice of railroad promoters (and the basis of the Credit Mobilier scandal) involved
a. federal tax evasion. b. "insider" ownership of railroad construction companies. c. sales of worthless railroad bonds to unwitting buyers. d. insurance fraud.
Commodity substitution bias in the CPI refers to the fact that the CPI
A) takes into account the substitution of goods by consumers when relative prices change. B) takes no account of the substitution of goods by consumers when relative prices change. C) substitutes quality changes whenever they occur without taking account of the cost of the quality changes. D) accounts for improved quality in price rises. E) substitutes relative prices for absolute prices of goods.