The Value of a Slice of Pizza to a Consumer

question 329

Multiple Choice

The value of a slice of pizza to a consumer is equal to

• A) its marginal benefit.
• B) the maximum price the consumer is willing to pay.
• C) the consumer surplus.
• D) Both answers A and B are correct.
• E) Both answers B and C are correct.

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Definitions:

Margins

The blank spaces surrounding the text on a page or screen, used to ensure content is nicely framed.

Padding

The space between the content and border of a box model in CSS, used to create space around an element’s content, inside of any defined borders.

Column Width

The sideways measurement of a column's size in a table or spreadsheet, which can be adjusted.

Combo Box

A user interface control that combines a text box with a drop-down list, allowing the user to select an option from the list or enter a custom value.