If a Person Receives a Consumer's Surplus from the Purchase

question 95

Multiple Choice

If a person receives a consumer's surplus from the purchase of a good, it must be that

• A)the amount that the person paid minus the amount that this person values that good is greater than zero.
• B)the amount that the person values the good minus the amount that this person paid for that good is greater than zero.
• C)the value is negative because consumers have diminishing marginal utility.
• D)result is based solely on the supply of the good.

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Definitions:

Design Strategy

An approach that outlines how design will be used to achieve business goals and meet user needs in product development or branding.

Audience

The group of people for whom a piece of writing, a project, or a performance is intended.

Goals

Specific, measurable, achievable, relevant, and time-bound objectives that an individual or organization aims to accomplish.

Religious Organizations

Institutions dedicated to the practice and propagation of religious beliefs and activities.