In the figure above, suppose the market is at equilibrium. Then area B is the
A) marginal benefit.
B) marginal cost.
C) amount of the consumer surplus.
D) amount of the producer surplus.
E) deadweight loss.
D
Economics
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Which of the following cause(s) economic growth?
a. c and d. b. d and e. c. The production of more scarce goods d. A technological improvement e. The production of more capital goods
Economics
At any quantity, the marginal factor cost is always
A) parallel to the marginal revenue product. B) below the labor supply curve. C) above the labor supply curve. D) above the labor demand curve.
Economics