The Consumers' Surplus Derived from the Last Unit of a Good

question 64

Multiple Choice

The consumers' surplus derived from the last unit of a good purchased

• A)tends to be less than 0
• B)tends to be equal to 0
• C)tends to equal the price of the good
• D)tends to be greater than the price of the good
• E)depends on the marginal utility of the first unit purchased

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Definitions:

Undersea Cables

Fiber-optic cables laid on the ocean floor used to transmit internet and telecommunications data across continents.

Product Placement

A marketing strategy where branded products are placed in the context of media content, like movies or TV shows, for promotional purposes.

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