What Do Economists Call the Highest Amount a Consumer Will

question 119

Short Answer

What do economists call the highest amount a consumer will pay to purchase a good?

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Definitions:

Scientific Notation

A way of expressing numbers that are too big or too small to be conveniently written in decimal form, using powers of 10.

Value

A piece of data or information that can be stored in a variable, passed as a parameter, or returned by a method in programming.

Invalid Identifier

A term used in programming for a name that does not follow the defined naming conventions or rules for identifiers.

Java

A class-based, high-level object-oriented programming language built to minimize implementation dependencies as much as possible.