Consumer Surplus Is the

question 1

Multiple Choice

Consumer surplus is the

• A)amount of a good consumers get without paying anything.
• B)amount a consumer pays minus the amount the consumer is willing to pay.
• C)amount a consumer is willing to pay minus the amount the consumer actually pays.
• D)value of a good to a consumer.

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Definitions:

Nuclei

Membrane-bound organelles found in eukaryotic cells that contain most of the cell's genetic material.

Chloroplasts

Organelles found in plant and algal cells responsible for photosynthesis, containing the pigment chlorophyll.

Stramenopiles

A diverse group of eukaryotes that includes diatoms, golden algae, and brown algae, characterized by the presence of straw-like hairs on the flagella of their reproductive cells.

Photosynthetic

Relating to the process by which green plants, algae, and some bacteria convert light energy, usually from the sun, into chemical energy stored in glucose.