Brett Buys a New Cell Phone for $100

question 63

Multiple Choice

Brett buys a new cell phone for $100.He receives consumer surplus of $80 from the purchase.How much does Brett value his cell phone?

• A)$180
• B)$100
• C)$80
• D)$20

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Definitions:

Ming Dynasty

A major Chinese dynasty that ruled between 1368 and 1644, known for its advancements in arts, literature, and monumental architecture.

Artistic Subject

The theme, concept, or object that an artist chooses to depict in their artwork.

Ming Court

Refers to the ruling establishment or royal court of the Ming dynasty, which governed China from 1368 to 1644.

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.