Consumer’s surplus can be written as
A. total expenditure?total utility.
B. total utility?total expenditure.
C. marginal utility?marginal expenditure.
D. marginal expenditure?marginal utility.
Answer: B
Economics
You might also like to view...
Social surplus is:
A) the product of consumer surplus and producer surplus. B) the consumer surplus minus producer surplus. C) the ratio of consumer surplus to producer surplus. D) the sum of consumer surplus and producer surplus.
Economics
A country reported nominal GDP of $115 billion in 2010 and $125 billion in 2009 . It also reported a GDP deflator of 85 in 2010 and 100 in 2009 . Between 2009 and 2010,
a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell.
Economics