menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Australia
  4. Exam
    Exam 6: Efficiency and Fairness of Markets
  5. Question
    To an Economist, 'Value' Is the Same as
Solved

To an Economist, 'Value' Is the Same as

Question 39

Question 39

Multiple Choice

To an economist, 'value' is the same as


A) the minimum price that people are willing to pay for another unit of the good.
B) total surplus.
C) marginal benefit.
D) marginal cost.
E) consumer surplus.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q34: Which of the following is necessary for

Q35: The marginal cost of a good or

Q36: When economists use the term 'big tradeoff'

Q37: If you split your dessert with your

Q38: The resource allocation method used for the

Q40: The 'equality of opportunity' idea of fairness

Q41: Which of the following situations describing a

Q42: The figure above shows Kaley's marginal benefit

Q43: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above

Q44: Allocative efficiency is achieved when the marginal

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines