ECO 101 Research Paper
The Federal Reserve System is the central bank and monetary authority of the United
States. It was created in 1912 largely in response to a series of financial panics during the 19th
century (McEachern 212). The Chair
STUDY QUESTIONS ON CONSUMER AND PRODUCER SURPLUS
1. What does consumer surplus measure? How is it calculated?
2. If Bob is willing to pay up to $100 for a ticket to a concert, but actually pays $60, then what is his