Microeconomic MCQ 1: 14 The economic surplus of a particular action is
A) the value of the action.
B) the cost of the action.
C) the difference between the benefit and the cost of the action.
D) the average of the benefits and costs.
E) the ratio of the benefits to the costs

Question

14 The economic surplus of a particular action is
A) the value of the action.
B) the cost of the action.
C) the difference between the benefit and the cost of the action.
D) the average of the benefits and costs.
E) the ratio of the benefits to the costs

Gonza R · Accepted Answer

C) the difference between the benefit and the cost of the action.

Microeconomic MCQ 1

14 The economic surplus of a particular action is A) the value of the action. B) the cost of the action. C) the difference between the benefit and the cost of the action. D) the average of the benefits and costs. E) the ratio of the benefits to the costs

C) the difference between the benefit and the cost of the action.

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