Which of the Following Equations Is Valid

question 515

Multiple Choice

Which of the following equations is valid?

• A) Consumer surplus = Total surplus - Cost to sellers
• B) Producer surplus = Total surplus - Consumer surplus
• C) Total surplus = Value to buyers - Amount paid by buyers
• D) Total surplus = Amount received by sellers - Cost to sellers

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Definitions:

Psychoanalytic

Pertaining to psychoanalysis, a method of therapy and theory of personality developed by Freud that emphasizes unconscious motives and conflicts.

Rational-emotive Therapist

A mental health professional who employs rational emotive behavior therapy to help patients identify irrational beliefs and negative thought patterns to encourage emotional well-being.

Cognitive Behavioral

Pertaining to a type of psychotherapeutic treatment that helps individuals understand the thoughts and feelings that influence behaviors, primarily through the analysis and correction of cognitive distortions.

Self-defeating Beliefs

Cognitive patterns that are negative and undermine an individual's ability to achieve personal goals or maintain healthy relationships.