A Retailer Sells a Good to a Consumer for £500

question 69

Multiple Choice

A retailer sells a good to a consumer for £500. The cost of all the inputs used to produce the good is equal to £210. The value added of the retailer will be equal to _____.

• A) £210
• B) £500
• C) £290
• D) £790

---

Definitions:

Expected Privacy

The level of privacy an individual can reasonably anticipate in a particular situation, often influenced by context and cultural norms.

Confidentiality

The assurance that personal or sensitive information is kept secure and not shared without authorization.

Public Settings

Environments or spaces accessible to the general public where social interactions occur.

Ethical Review Board

A committee tasked with reviewing research proposals to ensure that ethical standards are met and that participants are protected from harm.