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Consumer surplus is a measure of How much a consumer's marginal utility differs from her total utility. How much a consumer believes that the good
Consumer surplus is a measure of
- How much a consumer's marginal utility differs from her total utility.
- How much a consumer believes that the good purchase is a bargain.
- How much more value a consumer recipes from her purchase than she has to pay for them.
- How much less than her income a consumer spends on goods.
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