Consumer Surplus Can Be Defined as the

question 24

Multiple Choice

Consumer surplus can be defined as the

• A) value a consumer receives from a good minus the price paid for that good.
• B) maximum amount the consumer would pay for a good.
• C) actual amount paid for a good minus the benefit of using that good.
• D) marginal utility of a good divided by its price.

---

Definitions:

Cleaning

The process of removing dirt, impurities, and unwanted substances from objects or environments to maintain health and hygiene.

Checking Compulsions

This refers to repetitive behaviors or mental acts that a person feels driven to perform in response to an obsession, as a part of the symptomatology of Obsessive-Compulsive Disorder (OCD).

Asian American

A person of Asian descent living in the United States, representing a diverse set of cultures, languages, and backgrounds.

Suicide

The act of deliberately taking one's own life through various means.