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Author Question: For any transaction, the sum of consumer surplus and producer surplus is cooperative surplus. ... (Read 293 times)

Melani1276

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on: Jun 29, 2018
For any transaction, the sum of consumer surplus and producer surplus is cooperative surplus.
 
  Indicate whether the statement is true or false

Question 2

Consumer surplus is the difference between the maximum amount a buyer is willing to pay for a product and the price he actually pays.
 
  Indicate whether the statement is true or false


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meryzewe

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


Melani1276

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nyrave

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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