Steve Values His Boat at $4,000, and Jennifer Values It

question 14

Multiple Choice

Steve values his boat at $4,000, and Jennifer values it at $9,000. If Jennifer buys it from Steve for $7,000, which of the following is true?

• A) Steve gains $3,000 of value, and Jennifer gains $2,000 of value.
• B) Steve gains $7,000 of value, and Jennifer loses $7,000 of value.
• C) Steve gains $7,000 of value, and Jennifer gains $6,000 of value.
• D) Steve and Jennifer both gain $7,000 of value.

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Definitions:

Amino Acids

The building blocks of proteins, consisting of a central carbon atom bonded to an amino group, a carboxyl group, a hydrogen atom, and a variable side chain.

Proteins

Massive biological molecules, known as macromolecules, are composed of one or more extended sequences of amino acid residues and fulfill a wide range of roles in organisms.

Peptide Bonds

Chemical bonds formed between amino acids during the formation of proteins.

Amino Acids

Organic compounds containing an amino group and a carboxylic acid group, serving as the building blocks of proteins, involved in various biological processes.