Choose the correct statement about value. A. Value is equal to the marginal benefit of a...

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Choose the correct statement about value. A. Value is equal to the marginal benefit of a good minus the price paid for it, summed over the quantity bought. B. When consumer surplus increases, value increases. C. The value of one more unit of a good or service is its total benefit. D. Value is what we get, and the price is what we pay. Choose the correct statement about value. A. Value is equal to the marginal benefit of a good minus the price paid for it, summed over the quantity bought. B. When consumer surplus increases, value increases. C. The value of one more unit of a good or service is its total benefit. D. Value is what we get, and the price is what we pay.

Answer rating: 100% (QA)

Option D is correct ie value is what we get price is what we pay Option A is incorrect bec... View the full answer