Which of the following equations is not valid a. Consumer surplus=Value to buyer

Question

Which of the following equations is not valid a. Consumer surplus=Value to buyers-amount paid bybuyers b.Procucer surplus= amount received by sellers-Cost tosellers. c. Total surplus= value to buyers-amount paid by buyers+Amount received by sellers-Costs of sellers. d. Total surplus= Value to sellers-Cost to sellers Which of the following equations is not valid a. Consumer surplus=Value to buyers-amount paid bybuyers b.Procucer surplus= amount received by sellers-Cost tosellers. c. Total surplus= value to buyers-amount paid by buyers+Amount received by sellers-Costs of sellers. d. Total surplus= Value to sellers-Cost to sellers

Explanation / Answer

So the only answer that has an equation which is notvalid is D, therefore D should be the correctanswer.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.