Thinks about your own purchases. Consumer surplus
a. exists only rarely
b. exists on every purchase that a consumer makes
c. never exists—it's only a theoretical concept
d. is received only if a good generates a utility higher than expected
e. is earned on many of the purchases a consumer makes
E
Economics
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Refer to Figure 21.2. If area A = 2,000, area B = 400, and area C = 2,600, what is the Gini coefficient for Urbania (rounded to two decimal places)?
A) 0.40 B) 0.43 C) 0.67 D) 0.77
Economics
Which of the following agencies has established standardized accounting principles for reporting corporate earnings?
A) The Securities and Exchange Commission B) The Federal Trade Commission C) The National Accounting Board D) The Fair Reporting Commission
Economics