1. For any transaction in the product market, the benefit received by consumers is known as ______ and the benefit received by producers is known as ______. A. Satisfaction; profit. B. The purchase; the price. C. Total utility; total revenues. D. Personal benefit; utility. E. Net benefit; total profit. 2. What measure reflects all the benefits to consumers? A. Total utility. B. Marginal cost. C. Total revenue. D. Marginal utility. E. Net revenue. 3. Which of the following describes a situation in which total costs and benefits are the only viable evaluation to inform a decision? A. Some resource costs are unknown. B. A good or service cannot be subdivided into increments or additional units. C. The opportunity cost is unquantifiable. D. There are no implicit benefits. E. An accountant identifies steep explicit costs