Consumers' Surplus Is

question 31

Multiple Choice

Consumers' surplus is:

• A) the costs consumers would have to pay to produce a product minus the amount paid to sellers.
• B) the consumer's budget minus total expenditures.
• C) the value of a good to consumers minus the amount paid sellers.
• D) quantity supplied minus quantity demanded.

---

Definitions:

Polynomial

A mathematical expression consisting of variables and coefficients that involves only the operations of addition, subtraction, multiplication, and non-negative integer exponents.

Grouping

A method in algebra to simplify expressions or solve equations by combining or partitioning terms.

Perfect Square Trinomial

A perfect square trinomial is a quadratic expression that can be expressed as the square of a binomial, characterized by specific relationships among its coefficients.

Perfect Square Trinomial

A trinomial expression that is the square of a binomial, characterized by having three terms where two are perfect squares and one is double the product of the square roots of those squares.