Consumer Surplus Exists When a

question 252

Multiple Choice

Consumer surplus exists when a

• A) person buys something with a marginal benefit less than what they paid.
• B) person buys something with a marginal benefit exactly what they paid.
• C) person buys something with a marginal benefit more than what they paid.
• D) producer sells something for more than it is worth.
• E) person buys something with a marginal cost less than what they paid.

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Definitions:

Community Structure

The organization, composition, and arrangement of species within an ecological community, including their relationships and interactions.

Limiting Resources

Essential resources that are in short supply, thus limiting the growth, abundance, or distribution of an organism or population.

Ecological Significance

The importance of a species, habitat, or ecological process in maintaining ecosystem health, diversity, and function.

Species Richness

A count of the number of different species present in a specific area, reflecting the biodiversity in that region.