Larry purchases a set of pens for $10, and his consumer surplus is $1. How much is Larry willing to pay for the set of pens?

Figure 5-5 Refer to Figure 5-5. If the price decreased from $36 to $12, total revenue would

Figure 8-2 The vertical distance between points A and B represents a tax in the market. ​ ​ ​ ​ ​Refer to Figure 8-2. The loss of producer surplus associated with some sellers dropping out of the market as a result of the tax is

Figure 8-3 The vertical distance between points A and B represents a tax in the market. Refer to Figure 8-3. The deadweight loss associated with this tax amounts to

The government patent for new pharmaceutical drugs may not be an efficient approach to internalize the externality because 

Consider an imaginary country of Farma with a population of 10,000 people. Suppose that a serious disease affects 6% of the population. The treatment costs $7,500 per patient. Given that all citizens are risk-averse, how much is likely to be their insurance payment? 

Table 7-9 ​ Seller Opportunity Cost for Providing 10 Piano Lessons (Dollars) Marcia 200 Jan 250 Cindy 350 Greg 400 Peter 700 Bobby 800 ​ ​ Refer to Table 7-9. The equilibrium market price for 10 piano lessons is $400. What is the total producer surplus in the market?

How did ‘Cool Jazz’ function as a form of resistance according to the author?

What does the author identify as the central ‘paradox’ of the 1950s?

What was the primary critique offered by William Whyte in *The Organization Man*?