Consumer's Surplus Can Be Written as

question 49

Multiple Choice

Consumer's surplus can be written as

• A)total expenditure - total utility.
• B)total utility - total expenditure.
• C)marginal utility - marginal expenditure.
• D)marginal expenditure - marginal utility.

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Definitions:

Proximal Stimulus

The stimulus energies that directly interact with sensory receptors.

Distal Stimulus

An object or event in the outside world that provides the source of information that our sensory receptors respond to, as opposed to the perception (proximal stimulus) of the object or event formed in our minds.

Retina

The light-sensitive layer at the back of the eye that captures images and sends them to the brain via the optic nerve.

Depth Perception

The visual ability to perceive the world in three dimensions and to judge the distance of objects.