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### Lec 2 Questions

Course: ECON 101, Spring 2009
School: UNC
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Word Count: 360

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101 Econ Class 2 Questions 1. It is hot at the football game and Joe is thirsty. He would pay up to \$5.00 for a 20 oz cola. He goes to the concession stand and finds that he can buy a 20 oz cola for \$3.00. His economic surplus from the transaction is A. B. C. D. 2. \$0.00. \$3.00. \$2.00. ** \$5.00. You won a free ticket to an Eric Clapton concert (which has no resale value). A Bob Dylan concert on the same night is...

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UNC - ECON - 101
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