--%>
Assignment Help - homework help

Consumer Surplus-Difference in amounts

Kiley pays $1.00 for the cold Pepsi on a hot afternoon, however would be willing to pay $5.00. The $4.00 difference in such amounts is her: (i) Consumer surplus. (ii) Income effect. (iii) Economic gain. (iv) Marginal utility. (v) Pleasure coefficient.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Deadweight Losses and Taxation Whenever

    Whenever a tax on a good outcome less government revenue than the sum of the losses of producer and consumer surpluses due to tax, economists state that the tax has caused a/an: (1) Administrative loss. (2) Market failure. (3) Economic loss. (4) Bureaucratic loss. (5)

    		•
  • Q : Demand in price inelastic region

    HoloIMAGine will never deliberately generate and sell holographic technology at an output level where is: (w) marginal revenue [MR] is positive. (x) demand is in a price-elastic region. (y) marginal revenue [MR] is falling. (z) demand is in a price-in

    		•
  • Q : Price hike in short run I have a

    I have a problem in economics on Price hike in short run. Please help me in the following question. In short run, the demand curve for the potatoes will not be influenced by price hikes for: (i) Potatoes. (ii) Bread. (iii) Rice. (iv) Steak.

    Q : Effects of higher real interest rates

    Higher real interest rates give in: (w) greater incentives to save and decreased incentives to invest. (x) increases in the amount of liquidity desired by financial investors. (y) increases in the optimal debt-equity ratio of a corporation. (z) decrea

    		•
  • Q : Existence of Economies of Scale I have

    I have a problem in economics on Existence of Economies of Scale. Please help me in the following question. Economies of the scale exist whenever, as output is raised: (i) Average costs increase. (ii) Explicit costs increase relative to the value of output. (iii) Aver

    		•
  • Q : Elasticity of demand changes with price

    Calculating the price elasticity of demand for DVD games for a price variation from $50 to zero in such demand curve is: (w) 0. (x) infinity. (y) mostly meaningless since elasticity changes continuously over such range. (z) 1.5.

    Q : Key questions in evaluating a research

    Key questions in evaluating a research report: In brief, there are five key questions you, as a consumer of analytical work, should ask yourself as you are evaluating a research report. 1. What is the purpose of th

    		•
  • Q : Twenty-one amendment of public polices

    Drive-by shootings by that several groups of beer or liquor distributors or producer attempted to liquidate rival groups largely finished while the: (w) U.S. Constitution was ratified and Whiskey Rebellion which began into 1794 finally finished. (x) 21st amendment to

    		•
  • Q : Price times quantity in total revenue

    Total revenue equals: (w) price times quantity. (x) marginal revenue times marginal cost. (y) profit per unit of output. (z) total cost minus profit. Please choose the right answer from above...I want your suggesti

    		•
  • Q : Purely competitive firm maximizing

    A purely competitive firm maximizes profit through producing where is: (w) P = ATC. (x) P = MR = MC. (y) PQ = TC. (z) AFC = AVC. I need a good answer on the topic of Economics problems. Please give

    		•