Which of the Following Is True

question 325

Multiple Choice

Which of the following is true?

• A) The height of the demand curve for a product at a given quantity represents the marginal value derived by the consumption of that unit.
• B) The height of the demand curve for a product at a given quantity reflects the total value consumers derive from all units of the good consumed.
• C) The total area above the demand curve for a product is equal to consumer surplus.
• D) At every quantity, the height of the demand curve for a product represents the cost of producing that unit.

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