Suppose Brent,Callie,and Danielle Each Purchase a Particular Type of Electric

question 16

Multiple Choice

Suppose Brent,Callie,and Danielle each purchase a particular type of electric pencil sharpener at a price of $20.Brent's willingness to pay was $22,Callie's willingness to pay was $25,and Danielle's willingness to pay was $30.Which of the following statements is correct?

• A)Had the price of the pencil sharpener been $24 rather than $20,only Danielle would have been a buyer.
• B)Brent's consumer surplus is the smallest of the three individual consumer surpluses.
• C)For the three individuals together,consumer surplus amounts to $60.
• D)The fact that all three individuals paid $20 for the same type of pencil sharpener indicates that each one placed the same value on that pencil sharpener.

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Definitions:

Autism Spectrum Disorder

A condition that hampers development, marked by challenges in communicating and interacting socially, along with limited and repetitive thought and behavior patterns.

Verbal Stereotypy

A repetitive or ritualistic movement, posture, or utterance, often associated with cognitive or developmental disorders.

Oppositional Defiant Disorder

A behavior disorder in children characterized by ongoing patterns of uncooperative, defiant, and hostile behavior toward authority figures.

Temper Tantrums

Emotional outbursts typically exhibited by children, often due to frustration or lack of control over emotions or environment.