--%>

Area above price line and below individual demand curve

I have a problem in economics on Area above price line and below individual demand curve. Please help me in the following question. When a single price is charged for each and every unit of a good, then the area above the price line however beneath an individual’s demand curve is as: (i) Producer surplus. (ii) Consumer income. (iii) Net revenue. (iv) Consumer surplus.

   Related Questions in Microeconomics

  • Q : Definition of law of demand Definition

    Definition of law of demand: It is the claim that, other things equivalent, the quantity demanded of a good drops/falls whenever the price of the good increases.

  • Q : Difference between opportunity cost and

    Differences among the opportunity cost of a purchase through a consumer and the seller’s price are increased through: (w) taxes. (x) intermediaries. (y) competition. (z) speculators. Can anyb

  • Q : Industry demand curve identity

    Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. When Babble-On is a pure monopoly, such firm confro

  • Q : Contrast of the law of reducing

    Which of the given seems a contrast of the law of reducing marginal utility? (i) Howard quit utilizing grocery coupons if he won the lottery. (ii) Joan finds that her try in preparing for a date surpasses the enjoyment gained. (iii) Ken enjoys his thi

  • Q : Characteristic of pure competition A

    A purely competitive firm: (w) is a price taker. (x) is a price maker. (y) is a large part of the industry. (z) sells a differentiated product. Hello guys I want your advice. Please recommend some views for above <

  • Q : Problem relating to supply curve Can

    Can someone help me in finding out the right answer from the given options. The supply curve reveals the highest: (i) Stock on hand in inventory. (ii) Gains a firm makes by selling varying quantity of a good. (iii) Quantity of a good which sellers will offer at differ

  • Q : Legal form of business in United States

    Can someone help me in finding out the right answer from the given options. Which of the given below is not a legal form of the business in United States? (1) Partnership. (2) Corporation. (3) Limited partnership. (4) Producer cooperative.  (5) All the above are

  • Q : Maximizing total revenue When this firm

    When this firm maximized total revenue in place of economic profits, in that case its total revenue would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period.

  • Q : Decreased market demand for generic 2×4s

    Decreased market demand for generic 2×4s as in illustrated graph would result within a(n) ___________ into the price of 2×4s as well as a(n) ___________ in this lumber mill’s profit-maximizing output. (w) increase; decrease. (x) incr

  • Q : Tariffs and Tax Revenues An import

    An import tariff on Japanese cars of ac generates government revenue equivalent to: (w) trapezoid bcde. (x) rectangle P1to P2ca. (y) distance Q0   to Q1. (z) rectangle 0P2dQ2.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1450032 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1955927
    Asked

    3,689

    Active Tutors

    1450032

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.