Total Surplus Is

question 71

Multiple Choice

Total surplus is

• A)equal to consumer surplus minus producer surplus.
• B)equal to the total value to buyers minus the total cost to sellers.
• C)equal to consumers' willingness to pay plus producers' cost.
• D)greater than the sum of consumer surplus plus producer surplus.

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Definitions:

Aglycone

The non-sugar portion of a glycoside molecule, which becomes free when the glycosidic bond is hydrolyzed.

Anomeric Carbon

The carbon atom in a cyclic saccharide that is connected to two oxygen atoms, one in an ether linkage and the other in a hydroxyl group, and its configuration determines the alpha or beta form of the saccharide.

Glycoside

A molecule in which a sugar is bound to another functional group or molecule through a glycosidic bond.

D-Aldopentose

A type of aldopentose, which is a 5-carbon sugar with an aldehyde group, having the 'D' configuration.