( ) is the difference between what consumers are willing and able to pay for a good and what they actually pay for the good.
举一反三
- If a consumer is willing and able to pay $15.00 for a particular good but the price of the good is $17.00,then the
- Producer surplus is equal to: A: the difference between the highest market price consumers are willing to pay for a product and the minimum amount producers are willing to accept for that product. B: the difference between the market price consumers are willing to pay for a product and the actual price they pay. C: the price a producer receives for a product minus the marginal cost of production. D: the economic profit earned from the sale of a good, minus its marginal cost of production.
- And I am ( ) for what I do. GOOD PAY
- It is good for you to know what you don’t know. (pay)
- What is the total surplus of a market? A: the sum of consumer surplus and producer deficit B: the sum of consumer surplus and producer surplus C: the difference between the consumer surplus and producer surplus D: the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell