Economists Working for Uber,along with Economists from the University of Oxford

question 180

Multiple Choice

Economists working for Uber,along with economists from the University of Oxford and the University of Chicago,estimated the consumer surplus attributed to Uber.For the 4 largest U.S.markets,these economists estimated that the total consumer surplus from Uber in 2015 was

• A)almost $0.
• B)$13.30 per customer.
• C)$2.88 billion.
• D)6.76 billion.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, usually with dividends that are paid out before those to shareholders of common stock.

Common Stock

Common stock is a type of equity ownership in a corporation, representing a claim on part of the company's profits and conferring voting rights.

No Par Common Stock

is common stock that has been issued without a par value, meaning its value is not fixed in the company’s charter but is determined by the market.

Cash Price

The amount of money that a buyer must pay to purchase a good or service immediately without financing.