--%>
Assignment Help - homework help

Problem on greatest consumer surplus

Which of the following below goods produces the greatest consumer surplus? (1) Free downloading to pirate your favorite songs. (2) Diamonds. (3) Water. (4) College textbooks. (5) Slices of the pizza.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Factors affecting the demand curve of

    Can someone help me in finding out the right answer from the given options. Among the factors influencing the demand curve for lime flavored Doritos is the: (i) Supply of lime-flavored Doritos. (ii) . Income of snack lovers. (iii) Production costs for the Doritos (iv)

    		•
  • Q : Words of Joseph A. Schumpeter about

    According to Joseph A. Schumpeter as: (1) refined and popularized the idea that profits derive by innovation. (2) perceived profits as rewards for bearing uncertainty. (3) believed which monopoly firms are so inefficient which none fully realize their

    		•
  • Q : Determine the market price when demand

    When both demand and supply rise within the market for cell phones, we would suppose the market price to: (w) increase. (x) decrease. (y) increase, decrease, or stay similar, depending upon the relative magnitudes of the shifts. (z) s

    		•
  • Q : Standard categories of economic

    Standard categories of economic discrimination which tend to make income less equally distributed do not comprise: (1) wage discrimination (2) employment discrimination (3) occupational discrimination (4) human capital discrimination (5) income discri

    		•
  • Q : Predation by charging a low price

    Predation by charging a low price is often a successful entry deterrent for all of the given reasons except the concept that low prices: (w) signal low profit. (x) make entry complicated while entry is costly. (y) may signal to a pote

    		•
  • Q : Monopsony and Marginal Resource Cost

    The labor monopsonist which doesn’t wage discriminates consists of a marginal resource cost curve [or marginal factor cost curve] which is above the labor supply curve then the firm faces as: (1) Monopsonists encompass market power in the markets for output. (2)

    		•
  • Q : Post tax and transfer distribution of

    By looking the post tax and transfer distribution of income, all even constant, an increase into the progressivity of income taxes must: (w) shift the Lorenz curve outward. (x) shift the Lorenz curve upward. (y) not influence the Lore

    		•
  • Q : Total revenue for profit-maximizing TR

    TR stands for total revenue for this profit-maximizing pure competitor as in below figure equals area: (i) 0Phq2. (ii) 0bgq2. (iii) Pbgh. (iv) 0aeq1. (v) daef.

    Q : Relatively inelastic supply curve in

    Marginal revenue is below average revenue as [TR/Q] for a firm along with market power since: (w) the demand curve this faces is negatively sloped. (x) its supply curve is relatively inelastic. (y) marginal cost is be

    		•
  • Q : Least likely example of Substitution

    Can someone please help me in finding out the accurate answer from the following question. Assume that the War in Iraq spilled over into another oil exporting countries. When U.S. gasoline prices rose to, state, $10 per gallon, the least likely outcome would be that:

    		•