Which of the Following Is Not Equal to Total Surplus

question 368

Multiple Choice

Which of the following is not equal to total surplus?

• A) consumer surplus - producer surplus
• B) buyers' willingnesses to pay - sellers' costs
• C) value to buyers - amount paid by buyers + amount received by sellers - cost to sellers
• D) value to buyers - cost to sellers

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Definitions:

Milgram's Study

A series of psychological experiments conducted by Stanley Milgram in the 1960s, which explored obedience to authority figures.

Deception

The act of misleading or tricking someone into believing something that is not true.

Informed Consent

A process ensuring participants are fully aware of the research procedures, risks, benefits, and their rights before agreeing to participate.

Debriefing Session

A meeting where participants are informed about the full purpose and procedures of an experiment after it takes place.