객관식
Which two basic approaches are commonly used to set prices in microeconomics?
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5. Consumer and Producer Surplus; Price Ceilings and Floors
Consumer Surplus and Willingness to Pay
객관식
Which statement best describes consumer surplus in relation to a buyer's willingness to pay?
A
Consumer surplus is the price at which the good is sold in the market.
B
Consumer surplus is the total amount a buyer spends on a good.
C
Consumer surplus is the difference between what a buyer is willing to pay and what the buyer actually pays.
D
Consumer surplus is the difference between the seller's cost and the market price.
검증된 단계별 안내1
Step 1: Understand the concept of willingness to pay, which is the maximum amount a buyer is ready to pay for a good or service based on the value they place on it.
Step 2: Recognize that the market price is the actual amount the buyer pays to purchase the good.
Step 3: Define consumer surplus as the difference between the buyer's willingness to pay and the market price paid, representing the net benefit or gain to the consumer.
Step 4: Note that consumer surplus is not simply the price paid or the total amount spent, but rather the extra value the consumer receives beyond the price paid.
Step 5: Distinguish consumer surplus from producer surplus, which relates to the difference between the seller's cost and the market price, to avoid confusion.
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