Syndicated Sources Can Be Classified Based on the Unit of Measurement

question 24

True/False

Syndicated sources can be classified based on the unit of measurement (households/consumers or institutions).

---

Definitions:

Consumer Surplus

The variance between the total price consumers are inclined and financially capable of paying for a good or service and the amount they actually dispense.

Marginal Utility

The extra utility or satisfaction derived from using or consuming one additional unit of a good or service beyond what was previously consumed.

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Marginal Utility

The additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service.