Student makes the following argument: "When a market is in equilibrium, there is no consumer surplusLOADING We know this because in equilibrium, the market price is equal to the price consumers are willing to pay for the good." Briefly explain whether you agree with the student's argument. A. The student is incorrect because the price consumers are willing to pay and the market price are only equal for the last unit consumed. B. The student is correct because the highest price consumers are willing to pay and the lowest price firms are willing to accept are equal. C. The student is correct because the highest price consumers are willing to pay and the price consumers actually pay are equal. D. The student is incorrect because consumer surplus equals the price consumers are willing to pay for a good, which is a positive amount. E. The student is incorrect because the market price is greater than marginal cost.

As the marginal propensity to consume (mpc) increases, the multiplier remains the same. increases. decreases. as the marginal propensity to save (mps) increases, the multiplier decreases. increases. remains the same. if the marginal propensity to consume is 0.30, what is the multiplier, assuming there are no taxes or imports? round to the tenths place. given the multiplier that you calculated, by how much will gross domestic product (gdp) increase when there is a $1,000 increase in government spending? $

Long-distance providers are becoming increasingly concerned about certain activities within their industry. various companies come together voluntarily to implement new standards of social responsibility that members must abide by. what seems to be the primary motivation in this case for an increased interest in social responsibility? - because corporations are creations of society, they are responsible for giving back to the communities in which they operate.- these companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.- these companies are using social responsibility as a means to increase their profitability, both short term and long term.- long-distance providers have started taking pride in their industry and its record for social responsibility.- they feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.

Diversity is an obstacle all marketers face: true false