Q380
The total area under the demand curve of good measures
A.
Marginal utility
B.
Total utility
AnswerC.
Consumers surplus
D.
Producer surplus
Answer: Option B
Solution
Answer: Option B
Solution:
The total area under the demand curve of good measures total utility. The demand curve itself shows the utility each consumer will get from buying the good, and the price paid is the cost for getting that utility.