Which of the Following Is Not Equal to Total Surplus

question 477

Multiple Choice

Which of the following is not equal to total surplus?

• A)consumer surplus - producer surplus
• B)buyers' willingness to pay - sellers' costs
• C)value to buyers - amount paid by buyers + amount received by sellers - cost to sellers
• D)value to buyers - cost to sellers

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, and the desire to do a task well, often associated with high levels of responsibility.

Big Five Personality Traits

are five broad dimensions of personality used to describe human character traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Responsible, Dependable, Careful

describes attributes of an individual who is reliable, can be trusted to complete tasks, and takes precautions to avoid mistakes.

Projection

The act of estimating or predicting future trends based on current or historical data.