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Consumer Surplus And Its Applications - Economics Jamb Past Questions and Answers

Economics Questions And Answers On Consumer Surplus And Its Applications
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Economics Jamb Past Questions


Questions and Answers on Consumer surplus and its applications

Question 6 :



If a consumer plans to spend 120k on four oranges but spent 80k, his consumer surplus is

A. N1.50
B. N0.40
C. N1.00
D. N2.00


Question 7 :



A consumer surplus measures the

A. Benefits derived from consuming a cheap commodity
B. Excess of total expenditure over total uility
C. Difference between marginal utility and marginal cost
D. Excess of marginal utility over price






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