The Additional Benefit to a Consumer from Consuming One More

question 78

Multiple Choice

The additional benefit to a consumer from consuming one more unit of a good or service

• A)is equal to consumer surplus.
• B)is equal to the opportunity cost of consuming the good or service.
• C)is equal to marginal benefit.
• D)is equal to economic surplus.

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Definitions:

Treasury Bills

Short-term government securities issued at a discount from the face value and mature in a year or less, used to finance the national debt.

Minimum Denomination

The smallest value of a security or financial instrument that can be purchased or traded.

Mortgage Pass-through Securities

Financial instruments that pool together home mortgage loans and allow investors to receive payments based on the underlying mortgages' interest and principal repayments.

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