Total Surplus Is

question 84

Multiple Choice

Total surplus is

• A)the total cost to sellers of providing the good minus the total value of the good to buyers.
• B)the total value of the good to buyers minus the cost to sellers of providing the good.
• C)the difference between consumer surplus and sellers' cost.
• D)always smaller than producer surplus.

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Definitions:

Organizational Citizenship Behaviour

Voluntary actions of employees that contribute to the overall culture and function of the organization but are not part of their formal job requirements.

Proactive Behaviour

Actions taken by individuals to affect change in their environment, including anticipating and preventing problems or making the most of opportunities.

Membership Behaviour

The actions or attitudes displayed by individuals as part of an organization, which can impact the organizational culture and effectiveness.

Expense Accounts

Budget allocations specifically set aside for covering business-related expenses, such as travel, supplies, and entertainment.