8. You enter a store and buy a bottle of soda. Do you usually receive consumer surplus? A) Yes, because you wouldn't buy the soda if your willingness to pay would be less than the price. B) Yes, because you are thirsty. C) No, because you value other drinks more. D) No, because you have less money after the transaction. 9. Suppose consumers of cigarettes can be classified into two groups: heavy users and light users. Heavy users purchase more cigarettes and are less sensitive to price changes relative to light users. To determine whether a heavy user suffers a greater loss of consumer surplus than a light user does when the price of cigarettes increases, one would need to know A) each group's average income. B) the actual quantities purchased by each. C) each individual's price elasticity of demand. D) no additional information. 410. Which of the following statements best describes a production function? A) the maximum profit generated from given levels of inputs B) the maximum level of output generated from given levels of inputs C) all levels of output that can be generated from given levels of inputs D) all levels of inputs that could produce a given level of output 11. With respect to production, the short run is best defined as a time period A) lasting about six months. B) lasting about two years. C) in which all inputs are fixed. D) in which at least one input is fixed