At the Current Price of a Good,Al's Consumer Surplus Equals

question 33

Multiple Choice

At the current price of a good,Al's consumer surplus equals 8,and Ben's consumer surplus equals 15.By using two-part pricing,a monopolist could increase his profit by

• A) 8.
• B) 16.
• C) 15.
• D) 30.

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Definitions:

Union Dues Payable

Liabilities recorded on a company's balance sheet for union dues that are owed but not yet paid.

Current Liabilities

A company's debts or obligations that are due within one year.

Long-Term Liabilities

These are obligations or debts that are due to be paid out beyond one year in the future.

Current Liability

A liability that must be paid off within one year or the standard operating cycle of the company, whichever period is greater.