Describes the concept of consumer? surplus

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Reference no: EM131244562

Which of the following is NOT a factor of? production?

A. Wilderness areas that have yet to be developed

B. 175 shares of Microsoft stock

C. A person developing a production schedule for a new product

D. Vans used by a bakery company for deliveries

Which of the following statements best describes the concept of consumer? surplus?

A. "I sold my? Blu-ray copy of ?Ben-Hur for? $18 at a garage sale even though I was willing to sell it for? $10."

B. ?"I paid? $130 for a printer last week. This week the same store is selling the same printer for? $110."

C. ?"I was all ready to pay? $300 for a new leather jacket that I had seen in? Macy's but I ended up paying only? $180 for the same? jacket."

D. "Safeway was having a sale on Dreyers ice cream so I bought 3? quarts."

Reference no: EM131244562

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