Which of the Following Statements Is Not True

question 199

Multiple Choice

Which of the following statements is not true?

• A)Consumer surplus measures the difference between the highest price a consumer is willing to pay for a product and the price she actually pays.
• B)Marginal benefit is the additional benefit to a consumer from consuming one more unit of a product.
• C)Consumer surplus measures the net benefit from participating in a market.
• D)Producer surplus measures the total benefit received by producers from participating in a market.

Grasp the concept of motivational interviewing and its effectiveness in encouraging behavior change.

Understand different behavioral finance concepts including biases and heuristics.

Describe the impact of cognitive and emotional biases on investment decision-making.

Identify how financial projections can be affected by behavioral biases.

---

Definitions:

Relative Size

Relative size is a visual perception cue that allows one to determine how close or far away an object is based on its size in relation to other objects.

Interposition

A visual cue used to perceive depth, where one object partially covers another, indicating that the covering object is closer.

Perceptual Constancy

The psychological feature that allows the perception of an object to remain relatively unchanged despite variations in the conditions of observation.

Binocular Depth Cues

Visual information taken in by two eyes that enable us to estimate the depth or distance of an object.