In a Survey Designed to Measure People's Willingness to Pay

question 98

Multiple Choice

In a survey designed to measure people's willingness to pay for fair-trade coffee, researchers found that most coffee drinkers were willing to pay an average price premium of:

• A) 10 percent.
• B) 20 percent.
• C) 30 percent.
• D) 40 percent.

---

Definitions:

Rational Exponents

Fractional exponents, with the numerator indicating the exponentiation level and the denominator designating the root level of the primary number.

Simplify

The process of making an expression easier to understand by reducing it to its simplest form.

Expression

A combination of symbols and numbers to represent a mathematical operation or quantity.

Radical Expression

An expression that contains a square root, cube root, or another root.