Examlex

Solved

Jeff Decides That He Would Pay as Much as $3,000

question 67

Multiple Choice

Jeff decides that he would pay as much as $3,000 for a new laptop computer.He buys the computer and realizes consumer surplus of $700.How much did Jeff pay for his computer?


Definitions:

Hourly Rate

The total compensation or income received per hour of employment.

Canadian Dollar

The currency of Canada, symbolized as CAD, and is one of the major currencies traded worldwide.

Euro

The legal tender of the eurozone, adopted by 19 countries among the 27 that comprise the European Union.

Exports

Goods or services sent from one country to another for sale.

Related Questions