A measure of consumer surplus in any market is
a. total expenditure on the good
b. the area above the supply curve and below the price
c. the area beneath the demand curve
d. the area beneath the demand curve and above the price
e. the market price
D
Economics
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Money market mutual funds sell shares to investors and use the money to buy
A) overseas assets through foreign direct investment. B) short-term securities. C) foreign currency. D) mortgage-backed securities.
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Cost-plus pricing may be a reasonable way to determine price when
A) marginal cost and average cost are about the same. B) marginal cost differs significantly from average cost. C) marginal cost and average fixed cost are roughly equal. D) marginal cost is very low.
Economics