-Refer to the diagram above.At the profit-maximizing output level,consumer surplus is represented by the area
A) CJE.
B) GJI.
C) BJEK.
D) BCEK.
E) GCEI.

Name: -Refer to the diagram above.At the profit-maximizing output level,consumer surplus is represented by the area A) CJE. B) GJI. C) BJEK. D) BCEK. E) GCEI.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

-Refer to the diagram above.At the profit-maximizing output level,consumer surplus is represented by the area
A) CJE. 
B) GJI. 
C) BJEK. 
D) BCEK. 
E) GCEI.

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve, up to the quantity sold.

-Refer to the Diagram Above