Consumer Surplus Measures

question 156

Multiple Choice

Consumer surplus measures:

• A) the extra amount that a consumer must pay to obtain a marginal unit of a good or service.
• B) the excess demand that consumers have when a price ceiling holds prices below their equilibrium.
• C) the benefit that consumers receive from a good or service beyond what they pay.
• D) gain or loss to consumers from price fixing.

---

Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Personal Use

Personal use denotes utilizing an asset or service for one's own personal needs instead of for business or commercial activities.

Capital Contributions

Funds or resources provided by owners or shareholders to a company or partnership for its use in business operations, often to support growth or stabilize finances.