Multiple Choice
If a person receives a consumer's surplus from the purchase of a good, it must be that
A) the amount that the person paid minus the amount that this person values that good is greater than zero.
B) the amount that the person values the good minus the amount that this person paid for that good is greater than zero.
C) the value is negative because consumers have diminishing marginal utility.
D) result is based solely on the supply of the good.
Correct Answer:

Verified
Correct Answer:
Verified
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Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt=" -In Figure 5-7,
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Q100: Figure 5-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 5-16