Consumer Surplus Is Defined As

question 44

Multiple Choice

Consumer surplus is defined as:

• A) the quantities of a good or service that bring equal utility to the consumer.
• B) the quantity of a good or service that is utility maximizing for the consumer.
• C) the difference between what a consumer is willing to pay and what he or she actually pays for a good or service.
• D) the difference between the market price and the marginal cost of producing a good or service.
• E) none of the above.

---

Definitions:

Break

A pause or interval for rest or to interrupt a continuity.

Cyanotic

A condition marked by a bluish or purplish discoloration of the skin and mucous membranes due to insufficient oxygenation of the blood.

Pertaining To

Relating to or concerning something; relevant or applicable.

Alcoholism

A chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol, affecting physical and mental health.