The Consumer Acquires a Consumer Surplus on a Good If

question 18

Multiple Choice

The consumer acquires a consumer surplus on a good if the marginal benefit is

• A) less than the price.
• B) greater than the price.
• C) less than the marginal cost.
• D) equal to the price.
• E) zero.

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Definitions:

Obsession

A persistent, intrusive, and unwanted thought or impulse that causes significant anxiety or distress, often a symptom of psychological disorders.

Repeated Behaviors

Patterns of action that are performed recurrently, often without conscious decision.

Assessing Behavioral

The process of evaluating and analyzing an individual's actions and reactions in various circumstances to understand their behavior.

Compulsions

are repetitive behaviors or mental acts that a person feels driven to perform in response to an obsession or according to rules that must be applied rigidly.