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Consumers' Total Benefit from Consuming a Good Is Equal to the

Question 53

Multiple Choice

Consumers' total benefit from consuming a good is equal to the


A) consumer surplus minus the total amount spent on the good.
B) total amount spent on the good divided by the number of units purchased.
C) total amount spent on the good.
D) consumer surplus plus the total amount spent on the good.
E) consumer surplus on the quantity purchased.

Correct Answer:

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