(Figure: Consumer Surplus I) Look at the figure Consumer Surplus I.If the price rises from P₁ to P₂,consumer surplus decreases by the area:

A) ABP₂.
B) AFP₁.
C) BGF.
D) P₁P₂BF.

An insurable interest is

A) an interest in goods permitting a party to insure against their damage.
B) an interest in ensuring that goods are of a certain quality.
C) interest that can accrue from investing in insurance of certain goods.
D) none of the choices.

If we know average total cost and the amount of output, then we can always calculate total cost by

A) adding average total cost and the amount of output.
B) subtracting the amount of output from average total cost.
C) multiplying average total cost by the amount of output.
D) dividing average total cost by the amount of output.

If Justine's money wages tripled from 2015 to 2020 and the consumer price index tripled,we would know that Justine's real wages

A) fell substantially.
B) fell slightly.
C) stayed the same.
D) rose slightly.
E) rose substantially.

Transportation stocks currently provide an expected rate of return of 15%. TTT, a large transportation company, will pay a year-end dividend of $3 per share. If the stock is selling at $60 per share, what must be the market's expectation of the constant-growth rate of TTT dividends?

A) 5%
B) 10%
C) 20%
D) none of these options

Uncle Joe promises Mary a new car on her birthday.Uncle Joe's promise constitutes legally sufficient consideration.