Use the Following to Answer Question

question 47

Multiple Choice

Use the following to answer question:
-(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.At the equilibrium price and quantity,Andy buys _____ pumpkins and his consumer surplus is _____.

• A)four;$2
• B)three;$6
• C)two;$8
• D)one;$4

---

Definitions:

Long-Term Debt To Assets

A ratio indicating the proportion of a company's assets that are financed through long-term debt, showing financial leverage.

Total Assets

The sum of all owned resources with economic value that are expected to provide future benefits to a company.

Long-Term Liabilities

Financial obligations of a business that are due more than one year in the future.

Credit Risk

The potential for loss due to a borrower's failure to repay a loan or fulfill contract terms.