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

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Definitions:

Frustration

A feeling of irritation or distress experienced when one's needs, desires, or expectations are thwarted or unmet.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Behavioral Disengagement

A coping strategy involving reduction of effort or withdrawal from a task or situation.

Catharsis

The method of discharging and therefore delivering relief from powerful or stifled emotions.