Select Your Favourite
Category And Start Learning.

  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • The difference between value in use and value in exchange is

    Question: The difference between value in use and value in exchange is

    Options:

    Consumer surplus
    Marketing surplus
    Farm production
    None of these

    ✅ Explanation: Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good and the actual price they pay. This reflects the additional utility or value the consumer derives from the good beyond its market price, aligning with the concept of "value in use."  
      0
      Your Cart
      Your cart is emptyReturn to Shop