Which of the Following Statements Is Not True

question 199

Multiple Choice

Which of the following statements is not true?

• A)Consumer surplus measures the difference between the highest price a consumer is willing to pay for a product and the price she actually pays.
• B)Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product.
• C)Consumer surplus measures the net benefit from participating in a market.
• D)Producer surplus measures the total benefit received by producers from participating in a market.

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Definitions:

Rules

Explicit or understood regulations or principles governing conduct or procedure within a particular area or activity.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Winter Job Program

A government or organizational initiative designed to provide employment opportunities during the winter months, often in areas affected by seasonal unemployment.

Equitably

In a manner that is fair, just, and impartial, ensuring equal treatment or opportunities for all.