Consumer Surplus Exists When a

question 252

Multiple Choice

Consumer surplus exists when a

• A) person buys something with a marginal benefit less than what they paid.
• B) person buys something with a marginal benefit exactly what they paid.
• C) person buys something with a marginal benefit more than what they paid.
• D) producer sells something for more than it is worth.
• E) person buys something with a marginal cost less than what they paid.

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Definitions:

Education

The process of receiving or giving systematic instruction, especially at a school or university, or the knowledge and skills acquired through this process.

Deviant Behavior

Behavior that violates the norms that apply in a given situation.

Secondary Deviance

Deviant behavior employed by a person as a means of defense or adjustment to the problems created by others’ reactions to rule breaking by him or her.

Temper Tantrums

Emotional outbursts, usually seen in children, characterized by yelling, crying, or striking out, due to frustration or inability to express needs.