Market consumer surplus

A) is the area under the demand curve and above market price, up to the quantity actually bought.
B) is equal to total market revenue minus cost.
C) does not depend on the quantity sold.
D) is the area under the market price and above the marginal cost curve.


A

Economics

You might also like to view...

When an individual's wage rises, the income effect tends to:

a. increase hours worked. b. decrease hours worked. c. leave hours worked unchanged. d. an impossible prediction about what will happen to hours worked.

Economics

In Japan most garbage is

a. either recycled or burned b. recycled c. burned d. deposited in landfills e. used for fuel

Economics

Economic activity around the world is mainly organized by

A. market transactions. B. informal arrangements. C. family connections. D. Internet connections.

Economics

An initial allocation of goods is called a(n)

A) endowment. B) inheritance. C) pareto set. D) general equilibrium goods set.

Economics