If the consumer is a buyer of several units of a good, the earlier units will have greater marginal value and therefore create more consumer surplus, because marginal willingness to pay falls as greater quantities are consumed in any period.
B.
When some units of output can be produced at a cost that is lower than the market price, the seller receives a surplus, or net benefit, from producing those units.
C.
At the market equilibrium both consumers and producers benefit from trading every unit up to the market equilibrium output.
【简答题】Questions 36 to 40 are based on the following. In the early days of nuclear power, the United States made money on it. But today opponents have so complicated its development that no nuclear plants ha...
【单选题】Which of the following can be inferred from the passage about cotton production in the United States after the introduction of Whitney's cotton gin?
A.
More cotton came from sea island cotton plants than before.
B.
More cotton came from short-staple cotton plants than before.