Total Surplus Is

question 117

Multiple Choice

Total surplus is:

• A)the difference between price and the cost to the seller.
• B)the sum of consumer and producer surplus.
• C)equal to the area below the demand curve.
• D)always more for consumers than producers.

---

Definitions:

Learning Outcomes

The specific knowledge, skills, attitudes, and values that learners are expected to acquire from an educational or training program.

Web Conferencing

A technology that allows users in different locations to hold face-to-face meetings without needing to move to a single location physically.

Webinar

An online seminar or presentation where participants can interact by asking questions, participating in discussions, and more, through the web.

Web 2.0

Refers to the second generation of the World Wide Web, which emphasizes user-generated content, usability, and interoperability for end users.