Which of the Following Is a Means of Measuring Consumer

question 68

Multiple Choice

Which of the following is a means of measuring consumer surplus?

• A)Measuring the area above the supply curve and below the demand curve
• B)Measuring the area above the price and below the demand curve
• C)Measuring the horizontal distance between indifference curves
• D)Measuring the area between the price and the supply curve

---

Definitions:

Operating Segment

It's a component of a business that engages in business activities from which it may earn revenues and incur expenses, and for which separate financial information is available.

Canadian GAAP

Generally Accepted Accounting Principles in Canada, comprising standards for financial reporting and accounting practices in Canadian entities.

Chief Operating Decision Maker

The individual or group within an organization primarily responsible for deciding how resources are allocated and assessing performance of operating segments.

Discrete Financial Information

Financial data and metrics that are specific, distinct, and separate from other information, often used for analysis or decision-making in isolated instances.