eorge saves 18% of his total gross weekly earnings from his 2 part-time jobs. He earns $6.25 per hour from one part-time job and $7.50 per hour from the other part-time job. George works a total of 40 hours between the two jobs each week. What additional information is needed to determine the amount of his earnings he saves each week

Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.

1. gar principles or "the principles"are intended to do what?

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.