Producer surplus is always the total area below the price and above the supply curve

The function of the financial statement, which colleges ask parents to fill out to make their children eligible for tuition scholarships, is to

A) determine cases of genuine need. B) maintain the college's eligibility for federal assistance. C) permit the college to confine its aid to students who can make most effective use of the aid. D) provide information about the demand curves of potential customers.

The concept of diversification is captured by the statement

A) don't look a gift horse in the mouth. B) don't put all your eggs in one basket. C) it never rains, but it pours. D) make hay while the sun shines.