Scenario 12-3 Suppose Roger and Regina Receive Great Satisfaction from Their Consumption

question 437

Multiple Choice

Scenario 12-3
Suppose Roger and Regina receive great satisfaction from their consumption of cheesecake. Regina would be willing to purchase only one slice and would pay up to $8 for it. Roger would be willing to pay $11 for his first slice, $9 for his second slice, and $5 for his third slice. The current market price is $5 per slice.
-Refer to Scenario 12-3. How much total consumer surplus do Regina and Roger collectively receive from consuming cheesecake?

• A)$3
• B)$6
• C)$9
• D)$13

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Definitions:

Target Behaviors

Specific behaviors identified for change or modification in therapeutic or behavioral interventions.

Reciprocal Inhibition

Reciprocal inhibition is a principle in psychology that suggests the presence of a certain response will inhibit the occurrence of an opposite response, used therapeutically to reduce anxiety through relaxation techniques.

Symptom Substitution

A theory suggesting that if a symptom is removed without resolving the underlying cause, a new symptom will emerge to take its place.

Problem Reduction

Problem reduction is a strategy in problem-solving processes that involves breaking down a larger, often complex problem into smaller, more manageable parts to address them individually.