What Is the Average Cost of a Writable DVD Drive

question 148

Multiple Choice

What is the average cost of a writable DVD drive?

• A) $25
• B) $50
• C) $100
• D) $250

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Definitions:

Ticket

A token or voucher that entitles the holder to admission to an event, activity, or service.

Consumer Surplus

the difference between what consumers are willing to pay for a good or service and what they actually pay.

Market Price

The price at which a product or service is sold in the open market, determined by supply and demand.

Willing To Pay

The maximum amount a consumer is prepared to spend on a good or service.