If Joel Buys Ten Floppy Disks, Which Are Worth a Total

question 71

Multiple Choice

If Joel buys ten floppy disks, which are worth a total of $30 to him, and he pays $1 a disk, how much consumer surplus does he derive?

• A)$24
• B)$15
• C)$20
• D)$10
• E)$2 from each floppy disk

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Definitions:

Regular Body Cycles

Biological rhythms or cycles, such as circadian rhythms, that regulate physiological processes within the body.

Stage 4 Sleep

A deep phase of sleep in the sleep cycle, associated with delta brain waves and considered critical for physical restoration.

Consciousness

The state of being awake and aware of one's surroundings, thoughts, and experiences.

Focused Attention

The mental process of concentrating on one aspect of the environment while ignoring other stimuli.