Answer:
b. is the amount a consumer is willing to pay minus the amount the consumer actually pays.
Explanation:
Consumer surplus = willingness to pay less price of the good.
Let assume a student is willing to pay $30 for a book and the price of the book is $15. The student's consumer surplus is $30 - $15 = $15
I hope my answer helps you
Law of diminishing return has a positive relationship with marginal cost
Explanation:
The law of diminishing returns implies that marginal cost will rise as output increases. Eventually, rising marginal cost will lead to a rise in average total cost.
Answer:
when sales revenue exceed costs
Explanation:
Answer:
What? I can help you if you want
When were talking about the Federal Money Reserve we can eliminate B)sell securities on the open market. Because they don't do that when they want to increase money supply. C and D will be eliminated because they don't help in this way either. So the correct answer is A)reduce the discount rate
