Consumer Surplus Is Equal to

question 167

Multiple Choice

Consumer surplus is equal to

• A) marginal benefit minus price summed over the quantity consumed.
• B) price minus marginal benefit summed over the quantity consumed.
• C) marginal benefit summed over the quantity consumed.
• D) price multiplied by the quantity consumed.
• E) marginal benefit plus price summed over the quantity consumed.

---

Definitions:

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a specified period, affecting organizational stability and costs.

Workforce Rightsizing

The process of adjusting the size of a company's workforce to match its current needs.

Infrastructure Costs

Expenses associated with the basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, utilities, and buildings.

Fixed Assets

Long-term tangible assets held by an organization for producing goods or services, not expected to be converted to cash in the short term.