Refer to the graph shown. When the market is in equilibrium, consumer surplus is equal to:

Inventory investment consists of

A) construction expenditures, raw materials, and inventories of finished goods. B) goods in process, raw materials, and purchases of office machinery. C) raw materials, goods in process, and construction expenditures. D) inventories of finished goods, goods in process, and raw materials.

Value of marginal product is defined as the additional

a. output a firm would receive after hiring one more factor of production. b. cost of hiring one more factor of production. c. revenue earned from selling one more unit of product. d. revenue earned from hiring one more factor of production.