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To a(n) ________, breaking promises is wrong because if the implied rule were universalized (if everyone followed the rule) , then no promise anywhere could be trusted and the whole convention of promise making would be obliterated. Thus no one would be willing to live in such a world.
Willingness to Pay
The maximum amount an individual is prepared to spend on a good or service, reflecting the value they place on it.
Consumer Surplus
The discrepancy in the total charges consumers are prepared and economically able to bear for a good or service, and the charges they actually bear.
Willingness to Pay
The maximum amount an individual is prepared to spend for a good or service, reflecting the value they assign to it.
Consumer Surplus
The difference as marked by what consumers are prepared to spend on a good or service versus the actual payment made.
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