Which of the Following Statements Best Captures the Concept of Consumer

question 72

Multiple Choice

Which of the following statements best captures the concept of consumer surplus?

• A)"I saw a sale for flowers,so I bought four bundles."
• B)"I was willing to pay $30 for a dozen roses,but I bought them for $20."
• C)"I was willing to pay $30 for roses,but they are selling for $35,so I did not buy."
• D)"I paid $35 for roses last week and just saw them for sale now at $25."

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Definitions:

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for.

Financing Activities

Transactions and business events that involve raising capital and repaying investors, including issuing equity and debt, dividend payments, and loan repayments.

Net Cash

The amount of cash that remains after deducting cash outflows from cash inflows, reflecting a company's cash liquidity.