Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

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Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent. While he already has samples provided by his friends, he still feels something lacking in his resume. Specifically, the he believes that his professional objective statement lacks focus and clarity.

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When he was chosen for the real estate agent position, he sent us this thank you note:

“Kudos to the team for a job well done. I am sincerely appreciative of the time and effort you gave on my resume. You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume! Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Quiz 6

Navigation » List of Schools » West Los Angeles College » Economics » Econ 001 – Principles of Microeconomics » Summer 2019 » Quiz 6

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Below are the questions for the exam with the choices of answers:

Question #1

Which of the following best defines consumer surplus?

A The social surplus minus producer surplus

B The amount a seller is paid for a good minus the seller’s actual cost

C The difference between an item’s production cost and the amount paid by consumers

Question #2

Compare a market operating at a quantity lower than equilibrium with the same market operating at the equilibrium quantity. Which of the following statements are true?

A The economic surplus is greater at the equilibrium quantity.

B It is unclear if the consumer surplus is greater or less at the equilibrium quantity.

C The producer surplus is greater at the equilibrium quantity.

Question #3

Social surplus is ________.

A consumer surplus minus producer surplus

B the sum of consumer surplus and producer surplus

C producer surplus minus consumer surplus

Question #4

Consumer surplus is best described as the extra benefit consumers receive when they ________.

A pay exactly what they would have been willing to pay

B pay less than they would have been willing to pay

C pay more than they would have been willing to pay

Question #5

If the consumer surplus is $1000 and the producer surplus is $300, social surplus is

A 1300

B -$700

C $700

Question #6

In a market with an upward sloping supply curve and a downward sloping demand curve, a price floor ________.

A transfers some consumer surplus to the producer

B creates deadweight loss

C transfers some producer surplus to the consumer

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Manush

Fresh Graduate

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