A consumer cannot gain consumer's surplus if she purchases more than one unit of a good.
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Q31: Scarcity raises both price and marginal utility
Q32: Consumers should purchase a good up to
Q33: All decisions involve opportunity cost.
Q34: Since price tends to equal total utility,
Q35: The law of diminishing marginal utility guarantees
Q37: An inferior good is one that consumers
Q38: Quantity demanded is affected not just by
Q39: Consumer's surplus exists only for the last
Q40: The diamond-water puzzle, described by Adam Smith,
Q41: The law of demand ensures that a
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