In the Market for a Particular Pair of Shoes, Jena

question 169

Multiple Choice

In the market for a particular pair of shoes, Jena is willing to pay $75 for a pair, while Jane is willing to pay $85 for a pair. The actual price that each has to pay for a pair of these shoes is $65. What is
The total amount of the two girls' combined consumer surplus?

• A) $10
• B) $30
• C) $195
• D) $160

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Definitions:

Creative Intelligence

The capacity to solve problems and produce new products, concepts, or artworks through novel or imaginative processes.

Linguistic Intelligence

The ability to use language effectively, including skills in reading, writing, speaking, and understanding.

Fluid Intelligence

The ability to reason and solve new problems independently of previously acquired knowledge.

Intelligence Gene

A hypothetical gene proposed to have a significant impact on an individual's intelligence, although intelligence is influenced by many genetic and environmental factors.