Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.After trade, at a world price of Pw, total economic surplus equals area(s)

Valuing environmental services based on estimating the value of different characteristics of market goods is called

a. Travel cost method b. Contingent valuation c. Hedonic pricing d. Production function valuation e. Avoided cost valuation

The table above shows the production possibilities for an economy. The opportunity cost of a loaf of bread is ________ when moving from possibility B to possibility C

A) 1/2 of a book B) 2 books C) 200 books D) 100 loaves of bread E) 1 loaf of bread