Statement I: Consumer surplus is the difference between what you have to pay and what you would have been willing to pay.
Statement II: A person's total utility reaches a maximum when that person's marginal utility falls to zero.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

The Answer is C

Statement I: Consumer Surplus Is the Difference Between What You