The Table Below Shows the Relationship Between the Number of Times

question 99

Multiple Choice

The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes.Each car wash costs $15. How many times a month should you get your car washed?

• A)1
• B)2
• C)3

---

Definitions:

Consumer Surplus

The divergence between the price customers are willing to pay and the price they actually pay for a good or service.

Willingness to Pay

The maximum amount an individual is prepared to spend to acquire a good or service or to avoid something undesirable.

Consumer Surplus

The gap between the amount consumers are prepared to spend on a good or service and the actual price they pay, signifying consumers' advantage.

Refrigerator

An appliance used to keep food and drinks cool and preserved by maintaining a temperature below the ambient level.