Consumer surplus measures A) the extra amount that a consumer ...

[bobypop]

Consumer surplus measures
 
  A) the extra amount that a consumer must pay to obtain a marginal unit of a good or service.
  B) the excess demand that consumers have when a price ceiling holds prices below their equilibrium.
  C) the benefit that consumers receive from a good or service beyond what they pay.
  D) gain or loss to consumers from price fixing.

Question 2

An individual with a constant marginal utility of income will be
 
  A) risk averse.
  B) risk neutral.
  C) risk loving.
  D) insufficient information for a decision

[Liamb2179]

Answer to Question 1

C

Answer to Question 2

B

[bobypop]

Thank you

[Liamb2179]

No problemo