Which of the Following Equations Is Not Valid

question 74

Multiple Choice

Which of the following equations is not valid?

• A) Consumer surplus = Value to buyers - Amount paid by buyers
• B) Producer surplus = Amount received by sellers - Cost to sellers
• C) Total surplus = Value to buyers - Amount paid by buyers + Amount received by sellers - Costs of sellers
• D) Total surplus = Value to sellers - Cost to sellers

---

Definitions:

Data-Collection Phase

A stage in research or investigation that involves gathering relevant data to address specific questions or hypotheses.

Ethics Audit

A systematic evaluation of an organization's ethical programs and practices, aimed at identifying potential issues and improving ethical standards.

Report The Results

The practice of formally presenting findings or outcomes, often from research or an assessment.

Social Audits

A process in which an organization accounts for its social performance, impacts, and achievements in a transparent and ethical manner to stakeholders and the wider community.