Question
Question 25 Social surplus is defined as which of the following? Consumer surplus minus prodiger surplus Consumer surplus divided by producer surplus Consumer surplus plus producer surplus None of the above 2.5 pt
Answer
4.5
(212 Votes)
Darren
Master · Tutor for 5 years
Answer
### C. Consumer surplus plus producer surplus
Explanation
## Step1: Define Social Surplus### Social surplus is the sum of consumer surplus and producer surplus.## Step2: Identify the Correct Option### The correct option is the one that states social surplus as the sum of consumer surplus and producer surplus.