Simplify
- $$240 \div 5 - 4$$ A) 239
B) 44
C) 240
D) 231

question 73

Multiple Choice

Simplify.
- $$240 \div 5 - 4$$

• A) 239
• B) 44
• C) 240
• D) 231

---

Definitions:

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service.

Consumer Surplus

The consumer surplus is the gap between what consumers are ready and capable of paying for a good or service and what they actually spend on it.

Marginal Utility

The augmented satisfaction or value someone derives from the consumption of an extra unit of a good or service.

Consumer Surplus

Consumer surplus represents the discrepancy between the total price consumers are prepared and able to spend on a product or service and the actual amount they end up paying.