Market Consumer Surplus

question 82

Multiple Choice

Market consumer surplus

• A)is the area under the demand curve and above market price, up to the quantity actually bought.
• B)is equal to total market revenue minus cost.
• C)does not depend on the quantity sold.
• D)is the area under the market price and above the marginal cost curve.

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Definitions:

Glycolysis

Glycolysis is a metabolic pathway that converts glucose into pyruvate, releasing energy and pyruvic acid as end products.

Electron Transport Chain

A series of complexes that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons across a membrane, creating a gradient used to produce ATP.

Acetyl-CoA

A molecule that plays a key role in metabolism, linking glycolysis and the Krebs cycle in energy production.

NADH

A coenzyme involved in redox reactions, carrying electrons from one reaction to another.