The Additional Benefit to a Consumer from Consuming One More

question 78

Multiple Choice

The additional benefit to a consumer from consuming one more unit of a good or service

• A)is equal to consumer surplus.
• B)is equal to the opportunity cost of consuming the good or service.
• C)is equal to marginal benefit.
• D)is equal to economic surplus.

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Definitions:

Intelligence Test

A standardized assessment designed to measure a person's cognitive abilities, intelligence quotient (IQ), and potential.

Wechsler Adult Intelligence Scale

A standardized test designed to measure the intelligence and cognitive ability of adults and older adolescents.

Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Intelligence Tests

Standardized tests designed to measure a person's cognitive abilities and potential.