Q1. Consumer surplus is best described as the: A) difference between the value a consumer places on a good or service and the amount the consumer has to pay to acquire it. B) difference between the quantity of a good a consumer purchases and the quantity the consumer is willing to purchase. C) amount by which the consumer’s marginal benefit curve lies above a good’s marginal cost.
Q2. Consumer surplus is most accurately defined as the difference between the: A) value consumers are willing to pay for an additional unit of good or service and the cost of producing the additional unit of the good or service. B) price that a consumer must pay for an additional unit of a good or service and the cost of producing the additional unit of the good or service. C) total value consumers place on the quantity of a good purchased, and the total amount they must pay for that quantity. | 
发表于 2008-12-31 09:43
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