Consumer surplus is equal to
A) marginal benefit minus price summed over the quantity consumed.
B) price minus marginal benefit summed over the quantity consumed.
C) marginal benefit summed over the quantity consumed.
D) price multiplied by the quantity consumed.
E) marginal benefit plus price summed over the quantity consumed.
A
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Which of the following statements is true?
A) The growth rate of South Korea has been less than the growth rate of the United States over the last 40 years. B) The United States and the United Kingdom have recorded a growth rate of over 10% per annum in the last 40 years. C) The gap between the GDP per capita of the United States and Singapore has increased over the last 40 years. D) The gap between the GDP per capita of the United States and China has decreased over the last 40 years.
Empiricism refers to using ________ to analyze the world
A) data B) beliefs C) traditions D) value judgments