Refer to the figure above. If Barylia does not engage in international trade, what is the production of calculators in the country?
A) 10 units
B) 20 units
C) 40 units
D) 60 units
C
Economics
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The difference between the maximum amount a person would be willing to pay for a good and the amount that a person actually pays is called
a. marginal utility b. equalization principle c. auction pricing d. consumer surplus e. demand responsiveness
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