Consumer Surplus

question 104

Multiple Choice

Consumer surplus

• A)plus producer surplus is maximized when resources are used efficiently.
• B)is maximized when the market outcome is efficient.
• C)equals total revenue minus opportunity cost.
• D)equals total revenue minus marginal cost.
• E)is maximized in the short run but not in the long run.

Differentiate between occupational segregation based on job types and on ethnic or racial grounds.

Define self-estrangement and identify conditions that minimize its occurrence in the workplace.

Understand the concept of greenwashing and the importance of authentic environmental marketing.

Recognize the influence of various demographic groups, such as Generation Y, Generation X, and Baby Boomers, on marketing strategies.