Table 7-1 For Each of Three Potential Buyers of Apples,the Table Displays

question 213

Multiple Choice

Table 7-1
For each of three potential buyers of apples,the table displays the willingness to pay for the first three apples of the day.Assume Xavier,Yadier,and Zavi are the only three buyers of apples,and only three apples can be supplied per day.

-Refer to Table 7-1.If the market price of an apple is $1.40,then consumer surplus amounts to

• A) $0.60.
• B) $1.20.
• C) $1.40.
• D) $3.40

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Definitions:

Fashion Orientation

An individual's attitude, interest, and knowledge level regarding fashion and trends.

Hierarchy Orientation

Hierarchy orientation refers to the degree to which societies, organizations, or groups value structured ranking and the distribution of power among members.

Virtue

A trait or quality deemed to be morally good and thus is valued as a foundation of principle and good moral being.

Freudian Theory

A psychological theory developed by Sigmund Freud that emphasizes unconscious motivations and conflicts as major factors influencing personality and behavior.