The Total Benefit Derived from a Product Equals

question 4

Multiple Choice

The total benefit derived from a product equals:

• A)the sum of the marginal benefits of all units of the product that are consumed
• B)the sum of the marginal benefits of all units of the product that are consumed minus total consumer expenditure on the product
• C)the marginal utility derived from the consumption of a product
• D)the maximum price a consumer will pay for a specific unit of a product
• E)the minimum price a consumer will pay for a specific unit of a product