Refer to the table above.  A total output of 3 units of capital goods and 4 units of consumer goods:

Opportunity costs exist because:

 Person Minimum Acceptable Price  (Actual Price (Equilibrium Price) Clara $ 2 $ 7 Cecilia $ 3 $ 7 Gibson $ 4 $ 7 Peter $ 5 $ 7 Takunda $ 7 $ 7 Sophie $ 8 $ 7 Refer to the table above. Assume that the six people listed in the table are the only producers in the market, and that the equilibrium price is $7. The total producer surplus generated in this market is $_________. Please input only the numerical value without the $ sign. If your answer is $20, please input 20 for your answer.

If the marginal benefits are greater than the marginal cost of an activity, then society should allocate fewer resources to this activity.  

What does the href attribute in an tag specify?

Suppose an economist says that “other things equal, the lower the price of apples, the greater the amount of apples purchased.” This statement indicates that:

Identify the error in this code: This is important.

In a market with supply and demand curves as shown above, a price floor of $1.50 will result in:

The total producer surplus in the Nebraska milk market represents:

Which of the following links correctly opens a new window or tab?