Which of the Following Would Be the Best Example of Consumer

question 161

Multiple Choice

Which of the following would be the best example of consumer surplus?

• A) Jane does not get cell-phone service because she feels that it is worth less than the $30 a month fee.
• B) Sam pays $8 for a haircut that is worth $10 to him.
• C) Ralph buys a house for $104,000, the maximum amount that he would be willing to pay for it.
• D) Sue purchases a book for $20 and uses a credit card to pay for it.

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Definitions:

Bulimic

Characterized by episodes of binge eating followed by purging to prevent weight gain, a symptom of the eating disorder bulimia nervosa.

Laxatives

Substances that loosen stools and increase bowel movements, used to relieve constipation.

Denial of Femininity

A psychological concept referring to an individual's rejection or avoidance of traditional feminine traits or roles.

Achievement Orientation

A psychological framework that focuses on the motivation to achieve excellence and set challenging goals.