Laqueta buys a new GPS device for her car for $135 . She receives consumer surplus of $25 on her purchase if her willingness to pay is
a. $25.
b. $110.
c. $135.
d. $160.
D
Economics
You might also like to view...
If the capital stock remains fixed while the supply of labor increases, it is likely that
A. the productivity of labor will rise. B. the productivity of labor will fall. C. output per capita will rise. D. the productivity of labor will not change.
Economics
Which of the following was seen by labor as an antilabor piece of legislation?
a. Taft-Hartley Act of 1947 b. Civil Rights Act of 1964 c. Norris-LaGuardia Act of 1932 d. Wagner Act of 1935 e. Clayton Act of 1914
Economics