Mary Purchased a Stuffed Animal Toy for $5

question 153

Multiple Choice

Mary purchased a stuffed animal toy for $5.After a few weeks,someone offered her $100 for the toy.Mary refused.One can conclude that Mary's consumer surplus from the toy is

• A) less than $5.
• B) at least $95.
• C) at least $100.
• D) $105.

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Definitions:

Earn Profits

The financial gains received by a business after all expenses have been subtracted from its total income.

Regulatory Requirements

Legal obligations or standards that organizations must comply with, set by governmental or regulatory bodies.

Sustainability

the ability to maintain healthy environmental, social, and economic systems in balance, indefinitely, on a global and local scale.

Stakeholder Assessment

The evaluation of how the interests and influence of individuals, groups, or organizations that can affect or are affected by an organization's activities.