If a buyer’s willingness to pay for a new Honda is Rs20,000 and she is able to actually buy it for Rs18,000 her consumer surplus is ?
A. Rs18,000
B. Rs20,000
C. Rs2,000
D. Rs0.
A. Rs18,000
B. Rs20,000
C. Rs2,000
D. Rs0.
A. purchases more stocks and bonds from the rest of the world than it sells
B. purchases more goods from the rest of the world than it sells
C. sells more goods to the rest of the world than it purchases
D. sells more stocks and bonds to the rest of the world than it purchases
A. negative income elasticity income elasticity greater than 1
B. income elasticity greater than 1, negative income elasticities
C. Positive income elasticities, negative income elasticities
D. None of the above
A. average total cost is falling
B. average total cost is raising
C. average total cost is maximized
D. average total cost is minimized
A. absolute advantage
B. comparative advantage
C. export-led growth
D. import substitution
A. fixed costs exceed revenues.
B. it is suffering a loss.
C. variable costs exceed revenues
D. total costs exceed revenues
A. pegged of fixed exchange rates
B. adjustable pegged exchange rates
C. managed floating exchange rates
D. free floating exchange rates