Table 4-7 -Refer to Table 4-7.The Equations Above Describe the Demand and Describe

question 180

Multiple Choice

Table 4-7

-Refer to Table 4-7.The equations above describe the demand and supply for Bubba's Fried Jellybeans.The equilibrium price and quantity for Bubba's Fried Jellybeans are $40 and 5 thousand units.What is the value of economic surplus in this market?

• A)$5 thousand
• B)$12.5 thousand
• C)$25 thousand
• D)$37.5 thousand

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Definitions:

Extraversion

A personality trait characterized by high levels of sociability, talkativeness, energy and assertiveness.

Agreeableness

A personality trait characterized by attributes such as being kind, sympathetic, cooperative, warm, and considerate.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fear.

Positive Emotion

Feelings or emotions that evoke a sense of well-being, happiness, or contentment in an individual.