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:

Primary Root

The initial root that develops from a germinating seed, giving rise to the root system of a plant.

Hemicellulose

A polysaccharide found in plant cell walls alongside cellulose, providing structural support.

Cellulose

A complex carbohydrate composed of glucose units that form the main constituent of the cell wall in most plants, providing structural support.

Soluble

Capable of being dissolved in a solvent, typically water, to form a solution.