--%>
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 : Competition-Social Welfare problem The

    The purely competitive firm in the output market which hires from a purely competitive labor market will employ the labor at the point where VMP = W as the firm: (i) Operates in society's best interest. (ii) Wants to be quite fair to workers. (iii) Is egalitarian inst

    		•
  • Q : Market Power-Monopsony Power-Demand for

    Can someone please help me in finding out the accurate answer from the following question. Siberian Software vends custom programs to multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberi

    		•
  • Q : Spending on rail safety ‘How be

    ‘How be supposed to the government decide whether to spend in additional rail safety measures?’

    		•
  • Q : Negatively-sloped straight line in

    When a demand curve is a negatively-sloped straight line, in that case demand is perfectly: (w) elastic where quantity demanded is zero. (x) elastic where price is zero. (y) inelastic where quantity demanded is zero. (z) elastic or inelastic all over

    		•
  • Q : Automation process I have a problem in

    I have a problem in economics on Automation process. Please help me in the following question. The procedure of substituting complicated machinery for human labor is termed as: (1) automation. (2) Bionic engineering. (3) Robotics. (4) Scientific manag

    		•
  • Q : Question based on GDP In calculating

    In calculating the GDP national income accountants: A) treat inventory changes as an adjustment to personal consumption expenditures. B) ignore inventories because they do not represent final goods. C) subtract increases in inventories or add decreases in inventories.

    		•
  • Q : NOT cartelized product in market power

    Products which have NOT been cartelized comprise: (w) oil. (x) bananas. (y) sugar. (z) wheat. Can anybody suggest me the proper explanation for given problem regarding Economics generally?

    		•
  • Q : Inequality of Income in Loren Curve A

    A Lorenz curve which is more bowed away from a 45 degree line indicates larger: (w) degrees of economic competition. (x) success for anti poverty programs. (y) equality of income. (z) inequality of income. How can

    		•
  • Q : Equilibrium quantity and price

    Elucidate the consequence of an increase in demand of a commodity on its equilibrium quantity and price? Answer: Increase in demand causes a rightward shift in the

    		•
  • Q : Define primary deficit Primary deficit

    Primary deficit: Primary deficit is the difference among fiscal deficit and interest payments prepared by the government Primary deficit = Fiscal deficit – Interest payments