We Can Measure Total Consumer Surplus for Good X As

question 51

Multiple Choice

We can measure total consumer surplus for good X as:

• A) the sum of the individual consumer surpluses for all buyers of X.
• B) the area above the demand curve for X and below the price of X.
• C) the area bounded by the demand curve for X and the two axes.
• D) the area above the supply curve for X.

---

Definitions:

CCD

Stands for Charge-Coupled Device, a type of image sensor used in digital cameras and other imaging devices to capture light and convert it into digital data.

Codec

A rule, implemented in either software or hardware, which squeezes a given amount of audio and video information into less space.

Codec

A computer program capable of encoding or decoding a digital data stream or signal, often used for compressing audio or video data.

Model Release

A release that usually grants a photographer the right to use an image of the model (or subject of the photo) commercially.