Consumer surplus received from the purchase of a good is $300 . If the producer surplus received for the same good is $600, then the total surplus is $300

How does optimization in levels differ from optimization in differences? Assume that the city council has to choose one among the following three alternatives: setting up a school, setting up a hospital, and setting up a playground

The estimates of expected cost and benefit of all three projects are shown in the following table. How does the city council arrive at the optimal choice if both the techniques of optimization are implemented? Do the results vary? Project Cost ($) Benefit ($) Playground 15,000 30,000 School 20,000 50,000 Hospital 50,000 75,000

The richest 20 percent of individuals in the United States receive about ________ of the nation's total income

A) 21 percent B) 23 percent C) 91 percent D) 51 percent E) 99 percent