Consumer Surplus Is Defined As

Multiple Choice

Consumer surplus is defined as:

A) the quantities of a good or service that bring equal utility to the consumer.
B) the quantity of a good or service that is utility maximizing for the consumer.
C) the difference between what a consumer is willing to pay and what he or she actually pays for a good or service.
D) the difference between the market price and the marginal cost of producing a good or service.
E) none of the above.