Which of the following represents total surplus in t he value creation equation,(B-P)+ (P-C)?
A)B + C
B)P + C
C)B - C
D)P - C
E)None of the above

Name: Which of the following represents total surplus in t he value creation equation,(B-P)+ (P-C)? A)B + C B)P + C C)B - C D)P - C E)None of the above
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Question

Quizplus · Accepted Answer

Total surplus is the difference between the buyer's willingness to pay (B) and seller's willingness to sell (C). Thus, the equation for total surplus is (B - C).

Which of the Following Represents Total Surplus in T He