If You Create a Graphics Image That Is 720 KB

question 46

Multiple Choice

If you create a graphics image that is 720 KB in size, then the file that contains that graphics image takes up approximately 720 ____ bytes of storage space on a disk.

• A) thousand
• B) million
• C) billion
• D) trillion

---

Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Marginal Utility

The increased happiness a buyer experiences by consuming an extra unit of a product or service.

Consumer Surplus

Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, measuring consumer satisfaction.

Consumer Surplus

The discrepancy between what consumers are ready and capable of paying for a product or service and what they end up actually spending.