【題目】 Consumer surplus is: the price one is willing to pay divided by its actual price negative for an inferior good the difference between the price one is willing to pay and the price one has to pay the difference between the substitution and income effect
【題目】 Producer surplus is the : difference between what the consumer offered and the actual price paid. difference between revenue and variable cost of production. inventories that could not be sold at the market price. total profit.
Consumer surplus is an economic term that refers to the difference between the maximum price that a consumer is willing to pay for a good or service and the actual price they pay. In other words, it is the additional value or benefit that a consumer receives beyond what they have to pay for a product or service. For example, if a consumer is willing to pay $10 for a cup of coffee, but they only have to pay $3, then their consumer surplus would be $7. This extra benefit is the consumer surplus. It represents the consumer's satisfaction or utility gained from the product or service that is over and above the price paid for it. Consumer surplus can be used to measure the overall welfare or economic well-being of a society. When consumers have a high level of consumer surplus, it can indicate that they have access to a wide range of goods and services at affordable prices, which can improve their standard of living.
【題目】 Consumer surplus is: the difference between the substitution and income effect the price one is willing to pay divided by its actual price the difference between the price one is willing to pay and the price one has to pay --答案 negative for an inferior good
【題目】 Raisin bran and milk are complementary goods. A decrease in the price of raisins will decrease consumer surplus in the market for raisin bran and increase producer surplus in the market for milk. decrease consumer surplus in the market for raisin bran and decrease producer surplus in the market for milk. increase consumer surplus in the market for raisin bran and increase producer surplus in the market for milk. increase consumer surplus in the market for raisin bran and decrease producer surplus in the market for milk. increase consumer surplus in the market for raisin bran and increase producer surplus in the market for milk
標籤: surplus
