The excess benefit derived from the purchase of goods ove...
The excess benefit derived from the purchase of goods over the amount paid for them is referred to as consumer
Rationality
Surplus
Sovereignty
Credit
Correct answer is B
Surplus in economics refers to the difference between price consumers pay and what they would be willing to pay.
The following are Methods of measuring National Income of a country EXCEPT ...
The study of economics is mainly concerned with how to ...
The law of variable proportions is also known as ...
The privatization exercise in Nigeria is a move towards a___________ ...
A firm's average cost decreases in the long-run because of ...
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Dumping is selling goods in a foreign market at a price ...