Total Surplus Is Equal to

question 51

Multiple Choice

Total surplus is equal to

• A)value to buyers - profit to sellers.
• B)value to buyers - cost to sellers.
• C)consumer surplus x producer surplus.
• D)(consumer surplus + producer surplus)x equilibrium quantity.

---

Definitions:

Mary Whiton Calkins

An American psychologist and philosopher, the first woman to become president of the American Psychological Association.

Functionalism

A school of psychology that focuses on how mental and behavioral processes enable an organism to adapt, survive, and thrive.

Self-Awareness

Awareness about one’s distinct personality, sentiments, reasons for actions, and longings.

Human Capacity

Human capacity refers to the potential or ability of individuals to achieve or accomplish tasks, learn new skills, or adapt to varying environments.