If I Use 1,000 Gallons of Water a Month at a Price

question 78

Essay

If I use 1,000 gallons of water a month at a price of $.01 a gallon, is my consumer's surplus likely to be large or small? Explain.

---

Definitions:

Primitive Variables

Primitive variables in computer programming are basic data types that hold values such as integers, booleans, and floating-point numbers, and are not objects.

Constant Variables

Variables whose values cannot be changed once they have been set initially, typically defined using final or const keywords.

Inner Class

A class defined within another class, used to handle the complexity of larger code structures by logically grouping classes that are only used in one place.

Outer Class

In Java, a class that is not nested within another class and may contain nested classes (inner classes) within it.