In a Market,what Determines the Value of the Total Surplus

question 40

Multiple Choice

In a market,what determines the value of the total surplus

• A)producer surplus plus consumer surplus
• B)the total costs to sellers less the total value to buyers
• C)consumers' willingness to pay plus producer costs
• D)the total value to buyers less the total costs to sellers

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Definitions:

Direct Method

A method of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Accounts Receivable

Receivables from customers to a business for goods or services that have been supplied but payment has not been made.

Sales Revenue

The total amount of money generated from the sale of goods or services by a company before any costs or expenses are deducted.

Direct Method

A way of allocating service department costs directly to the producing departments without considering services rendered between service departments.