What is the correct formula for MCS (marginal consumer surplus)?
A) $MU-price.
B) Price-$MU.
C) $TU-price.
D) ΔTU/price.
E) ΔTU/Δquantity.

Name: What is the correct formula for MCS (marginal consumer surplus)? A) $MU-price. B) Price-$MU. C) $TU-price. D) ΔTU/price. E) ΔTU/Δquantity.
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Question

Quizplus · Accepted Answer

Marginal consumer surplus (MCS) is calculated as the marginal utility (MU) minus the price.

What Is the Correct Formula for MCS (Marginal Consumer Surplus)