Rosa Is Willing to Pay $200 for the IPhone, but the Actual

question 4

Multiple Choice

Rosa is willing to pay $200 for the iPhone, but the actual price is $400. This means

• A) Rosa will enjoy a consumer surplus of $200 if she buys the iPhone.
• B) Rosa will not enjoy any consumer surplus from purchasing the iPhone.
• C) Rosa will buy this product.
• D) The iPhone is overpriced.

---

Definitions:

"MAMA" Cycles

A term used to describe the identity formation process of "Moratorium, Achievement, Moratorium, Achievement," where an individual explores various identities before making commitments.

Moratorium-achievement

Moratorium-achievement refers to a stage in identity development where individuals actively explore various options and commitments in their quest to form their own identity.

Positive Identities

The aspects of an individual’s self-concept that are viewed in a positive light and contribute to the sense of self-worth.

Second-generation Immigrants

Individuals born in a country, but having at least one parent who immigrated to that country.