This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is the best definition of consumer surplus? (Read 19 times)

caca31

  • Full Member
  • ***
  • Posts: 145
on: Oct 12, 2022
Which of the following is the best definition of consumer surplus?
◦ the quantity consumed in excess of the allocatively efficient amount
◦ the total value that consumers place on the quantity consumed of some good
◦ the difference between the value that consumers place on a good and the payment they make to buy the good, summed over the quantity consumed
◦ the marginal value that consumers place on the last unit consumed of a good
◦ the value that consumers place on the last unit consumed of a good
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by caca31 on Oct 12, 2022

Yermi196

  • Full Member
  • ***
  • Posts: 135
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


caca31

  • Member
  • Posts: 145
Reply 2 on: Oct 12, 2022
Wow, this really help

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
From Farm to Consumer From Farm to Consumer
The Definition of Intelligence (1 of 3) The Definition of Intelligence (1 of 3)
The Definition of Intelligence (2 of 3) The Definition of Intelligence (2 of 3)
Find derivative by using definition of the derivative question 2 Find derivative by using definition of the derivative question 2
What is the definition of reticulate speciation? What is the definition of reticulate speciation?
Video: Immune responses Animation

For a complete list of videos, visit our video library