Posted: January 15th, 2016
Consumer surplus for an individual buyer is equal to:
Consumer surplus for an individual buyer is equal to:
the consumer’s willingness to pay for the good, minus the marginal cost of producing the good.
the price of the good, minus the marginal cost of producing the good.
the consumer’s willingness to pay for the good, minus the price of the good.
the marginal cost of the good, minus the consumer’s willingness to pay for the good.
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