Which of the Following Statements Is Not True

question 199

Multiple Choice

Which of the following statements is not true?

• A)Consumer surplus measures the difference between the highest price a consumer is willing to pay for a product and the price she actually pays.
• B)Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product.
• C)Consumer surplus measures the net benefit from participating in a market.
• D)Producer surplus measures the total benefit received by producers from participating in a market.

---

Definitions:

Business Letters

Formal letters used for professional correspondence between companies, organizations, or between such entities and individuals.

Electronic Media

Forms of media that use electronic or electromechanical energy for the end-user to access the content.

Direct-Mail Letters

Direct-mail letters are targeted written communications sent through postal services to individuals or businesses, often for marketing or informational purposes.

Information-Request Message

A communication, often written, sent to request specific information or details from another party.