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Brut [27]
3 years ago
14

Consumer surplus is the a. amount of a good consumers get without paying anything. b. amount a consumer pays minus the amount th

e consumer is willing to pay. c. amount a consumer is willing to pay minus the amount the consumer actually pays. d. value of a good to a consumer.
Business
1 answer:
NARA [144]3 years ago
5 0

Answer:

C) amount a consumer is willing to pay minus the amount the consumer actually pays.

Explanation:

Consumer surplus is a situation in which a consumer is willing to pay more for a product but he/she actually pays less that is he pays a lesser price compared to what he is willing to pay.

For example, a consumer is willing to pay $5 for a magazine but when he got to the mall, the price of the magazine is $4. The consumer surplus will be price he is willing to pay minus the price he bought it.

Consumer surplus= $5-$4

=$1

Consumer surplus is the difference between between the willing price of a consumer and the actual price paid(lesser than the willing price). It is a benefit to the consumer because they pay less than what is expected at the same value of satisfaction.

Consumer surplus is represented on a supply and demand curve by the area between the equilibrium price and the demand curve.

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Answer:

6,440 units

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3 years ago
If all of the logical conditions are true, the and function returns the logical value _____. select one:
anastassius [24]
False is the answer to this question. 

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The focus of strategic management is​ ______. A. the integration of all the functional areas of the business to achieve its orga
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Answer:

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6 0
2 years ago
If you borrow $25,000 from a local finance company and you are required to pay $4,424.50 per year for 10 years, what is the annu
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Use this formula:

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