What is the consumer surplus for the market from the production of the 100th unit of a good?
A)the marginal social cost of the 100th unit
B)the marginal social benefit from the 100th unit
C)the opportunity cost of producing the 100th unit
D)the marginal social benefit from the 100th unit minus the marginal social cost of the 100th unit
E)the marginal social benefit from the 100th unit minus the price paid for the 100th unit

Question

Quizplus · Accepted Answer

The consumer surplus for the market from the production of the 100th unit of a good is the marginal social benefit from the 100th unit minus the price paid for the 100th unit.

What Is the Consumer Surplus for the Market from the Production