Consumer surplus is the difference between the worth of a commodity to the consumer and the price the consumer pays for the commodity

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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As long as an additional worker hired by a firm produces

A) more output than the real wage rate, the firm will hire that worker. B) more output than the real wage rate, the firm will not hire that worker. C) less output than the real wage rate, the firm will hire that worker. D) some output, the firm will hire that worker. E) more output than the nominal wage rate, the firm will hire that worker.

Economics

In the above table, which tax plan is progressive?

A) only plan A B) only plan B C) only plan C D) both plan B and plan C

Economics