Andrew Decides That He Would Pay as Much as $3,000

question 118

Multiple Choice

Andrew decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700. How much did Andrew pay for his computer?

• A) $700
• B) $2,300
• C) $3,000
• D) $3,700

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Definitions:

Simple Formats

Refers to straightforward and unembellished layouts or structures, often used for clarity and ease of understanding.

Production Quality

The standard of the final output or product, measured in terms of its craftsmanship, durability, and attention to detail.

White Space

The unmarked or empty areas in a design or layout, which can help to create a clean appearance and improve readability.

Haptics

Refers to the use of touch in communication or interaction with technology, providing feedback through vibrations or movements.