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Unformatted text preview: 2, Sam's demand curve for pizza A), lies above her marginal benefit curve for pizza. B), lies below her marginal benefit curve for pizza. C), is the same as her marginal benefit curve for pizza. D), has one point in common with her marginal benefit curve for pizza. 3, A used car was recently priced at $20,000. Seeing the car, Bobby thought, "It's nice, but if I have to pay more than $19,500 for this car, then I would rather do without it." After negotiations, Bobby purchased the car for $19,250. His consumer surplus was equal to A), $19,500 B), $1,750 C), $250 D), $0 4, In the figure below, if the price is $2 and the consumer bought 12 units, then the total consumer surplus will be A), triangle abc. B), triangle cef. C), trapezoid adec. D), trapezoid bdfc. THE END 2...
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This test prep was uploaded on 04/19/2008 for the course ECON 200 taught by Professor Newton during the Spring '08 term at Ohio State.
- Spring '08