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 70 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
Excellent

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
A variety of sugar substitutes is available to the consumer A variety of sugar substitutes is available to the consumer
From Farm to Consumer From Farm to Consumer
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?
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library