What Is the Consumer Surplus for the Market from the Consumption

question 27

Multiple Choice

What is the consumer surplus for the market from the consumption of the 100th unit of a good?

• A)the marginal social cost of the 100th unit
• B)the marginal social benefit from the 100th unit
• C)the opportunity cost of producing the 100th unit
• D)the marginal social benefit from the 100th unit minus the marginal social cost of the 100th unit
• E)the marginal social benefit from the 100th unit minus the price paid for the 100th unit

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Definitions:

Computerized Axial Tomography

An imaging procedure that uses computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.

Palate

The roof of the mouth, separating the oral and nasal cavities, which is involved in taste, speech, and swallowing.

Roof

The upper covering of a building, providing protection from weather conditions such as rain or snow.

Vitamins

Organic compounds essential to human health that must be obtained from the diet because they are not synthesized by the body in sufficient amounts.