Mark and Rasheed Are at the Bookstore Buying New Calculators

question 21

Multiple Choice

Mark and Rasheed are at the bookstore buying new calculators for the semester.Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.The price for a calculator at the bookstore is $65.How much is their total consumer surplus?

• A)$10
• B)$35
• C)$45
• D)$60

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Definitions:

Traditional Chinese Medicine

An ancient system of health care that combines the use of medicinal herbs, acupuncture, dietary therapy, and other methods to treat a wide range of conditions.

Acupuncture

A form of traditional Chinese medicine involving the insertion of thin needles into specific points on the body to relieve pain or treat various conditions.

Qi Gong

An ancient Chinese exercise and healing technique involving meditation, controlled breathing, and movement exercises.

Tai Chi

A Chinese martial art and form of gentle physical exercise consisting of slow, deliberate movements combined with deep breathing and meditation.