The concept based on the assumption that we get bargains on each unit we purchase until the last one is called
A)total utility.
B)consumer surplus.
C)marginal utility.
D)the law of diminishing marginal utility.

Question

Quizplus · Accepted Answer

Consumer surplus is the concept that describes the benefit or bargain consumers receive when they pay less for a product than what they are willing to pay, effectively getting a "bargain" on each unit purchased up to the last one.

The Concept Based on the Assumption That We Get Bargains