For a perfectly competitive market in which firms face an identical constant marginal costs, the amount of consumer surplus increases if
A) market demand decreases.
B) market demand increases.
C) marginal cost increases.
D) none of the above: insufficient information to answer.
B
Economics
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In an economy with a population of 100 million persons, 50 million hold civilian jobs and 20 million are not working but are looking for a job. The number of persons in the civilian labor force is
A) 50 million. B) 70 million. C) 170 million. D) 180 million..
Economics
Other things equal, the stock of capital inherited by future generations is likely to be smaller when government spending:
A. increases during a period of recession, rather than prosperity. B. is primarily for capital-type goods. C. is financed by borrowing. D. is financed by taxation.
Economics