Based on the Graph Below, What Is the Consumer Surplus

question 203

Multiple Choice

Based on the graph below, what is the consumer surplus of the 10^th unit bought/sold?

• A)$1.25
• B)$2.25
• C)$2.75
• D)$3.50
• E)$6.25

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Definitions:

Productivity

The measure of the efficiency of production, often quantified as the ratio of output to input in the production process.

Productivity

Productivity measures the efficiency of production, often quantified as the ratio of output to inputs in the production process across a specific period.

Output

The quantity of goods or services produced in a given time period by a company, industry, or country.

Input

Essential elements or factors that are put into a system or process to achieve an output or result, similar to resources used in production.