The Difference Between What a Consumer Is Willing to Pay

question 30

Multiple Choice

The difference between what a consumer is willing to pay for a unit of a good and what must be paid when actually buying it is called:

• A) producer surplus.
• B) consumer surplus.
• C) cost benefit analysis.
• D) net utility.

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Definitions:

Positive Organizational Behavior

The investigation and utilization of positive human resource attributes and psychological capabilities that are quantifiable, can be enhanced, and efficiently controlled to boost performance in the work environment.

Employee Outcome

The results of an employee's actions within an organization, which can include job performance, satisfaction, engagement, and retention, among others.

Individuals And Groups

refers to the distinct units within social or work contexts, where individuals denote single persons and groups signify a collection of individuals working together or categorized together based on common characteristics or goals.

Organizational Behavior

The study of how people interact within groups, particularly in a work setting, and how this behavior affects the performance of the organization.