Consumer surplus is the area ?

Related Mcqs:

An increase in the price of a good along a stationary supply curve______________?

A. increase producer surplus B. does all the things describe in these answers C. decrease producer surplus D. improves market equity...

In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?

A. choose a price below the market equilibrium price B. allow the market to seek equilibrium on its own. C. Choose any price the planner wants because the losses to the sellers (buyers) from any change in price are exactly offset by the gains to the buyers (sellers). D. choose a price above the market … In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?Read...

If a market is efficient then_______?

A. the market allocates buyers to the sellers who can produce the good at least cost B. all these answers C. none of these answers D. the quantity produced in the market maximizes the sum of consumer and producer surplus E. the market allocates output to the buyers that value it the most...

If buyers are rational and there is no market failure ?

A. free market solutions are efficient B. free market solutions maximize total surplus C. all of these answers D. free market solutions are equitable E. free market solutions are efficient and free market solutions maximize total surplus...

If a producer has market power (can influence the price of the product in the market) then free market solutions ?

A. are equitable. B. are efficient C. maximize consumer surplus D. are inefficient...