If consumers paid an amount for any good that reflected the value of thetotal benefits they receive from consuming it, then
A)consumer surplus would be at a maximum
B)consumer surplus would be equal to zero
C)total revenue would equal variable cost
D)consumer surplus would equal producer surplus
E)producer surplus would exceed consumer surplus

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what consumers are willing to pay and what they actually pay. If consumers pay an amount equal to the total benefits they receive, there is no difference, and thus consumer surplus is zero.

If Consumers Paid an Amount for Any Good That Reflected