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Consumer Surplus for an Individual Buyer Is Equal To

Question 112

Multiple Choice

Consumer surplus for an individual buyer is equal to:


A) the consumer's willingness to pay for the good minus the marginal cost of producing the good.
B) the price of the good minus the marginal cost of producing the good.
C) the consumer's willingness to pay for the good minus the price of the good.
D) the marginal cost of the good minus the consumer's willingness to pay for the good.

Correct Answer:

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