The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). At the current price of 35¢ per minute, consumer surplus equals
A) $301.
B) $924.50.
C) $1,225.50.
D) $1,250.
B
Economics
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According to classical economists, the relationship between the amount of funds firms invest and the interest rate is
A) direct. B) inverse. C) indirect. D) independent.
Economics
Microeconomics
A. is generally too complex and abstract to be of much use in making real-world business decisions. B. studies the behavior of individual economic units or segments of the economy. C. contributes to the understanding of ordinary business practices or tactics. D. all of the above. E. both b and c.
Economics