John Is Ready to Pay $5 for an Extra Loaf

question 32

Multiple Choice

John is ready to pay $5 for an extra loaf of bread.Because of an ongoing discount in the grocery store,he gets a loaf for $2.After the discount,John's consumer surplus from the purchase is ________.

• A) $2
• B) $2.50
• C) $3
• D) $10

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Definitions:

CTD

Stands for Countdown Timer Delay, often used in electronics and programming to introduce a delay before an action is executed.

Count-Down Counter

A Count-Down Counter is a digital device or mechanism that counts down from a specified number to zero, often used in timing or as part of control systems.

True-To-False Transitions

Changes in logic state from a true (high) condition to a false (low) condition, often monitored in digital circuits for triggering events or actions.

False-To-True Transitions

In digital logic, a change in state from a logical 0 (false) to a logical 1 (true).