Bill Created a New Software Program He Is Willing to Sell

question 70

Multiple Choice

Bill created a new software program he is willing to sell for $300.He sells his first copy and enjoys a producer surplus of $250.What is the price paid for the software?

• A)$50.
• B)$250.
• C)$300.
• D)$550.

---

Definitions:

Industrialization

The process of transforming economies from primarily agrarian to one based on the manufacturing of goods, seen especially during the 19th and 20th centuries.

African-American

A term referring to Americans with ancestral origins in Africa, often pertaining to those whose ancestors were forcibly brought to America through the transatlantic slave trade.

Julien Hudson

A free African American painter who lived in the early 19th century, known for his portraits and miniatures in New Orleans.

Painter

An artist who creates visual art pieces using mediums such as oils, acrylics, or watercolors on surfaces like canvas, wood, or paper.