Recall the Application About Japanese and American Consumers' Willingness to Pay

question 50

Multiple Choice

Recall the Application about Japanese and American consumers' willingness to pay for Internet service to answer the following question(s) . In the United States, the average willingness to pay for Internet service is $85 per month, and the average monthly price of Internet service is $40 per month.
-According to the Application,as a percentage of the price,consumer surplus from Internet service is

• A) lower in Japan than in the Unites States.
• B) lower in the United States than in Japan.
• C) about the same in both the United States and Japan.
• D) positive in Japan and negative in the United States.

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Definitions:

Intrusive

Unwanted or disturbing thoughts, images, or urges that enter the mind, often causing distress or discomfort.

Clarification

A technique used in counseling and communication to make sure that the speaker's message is understood correctly by asking for more information or for the message to be repeated in a clearer manner.

Paraphrase

The rewording or rephrasing of a text or passage to achieve clearer understanding.

Reflection

The process of thoughtfully considering one's actions, feelings, or experiences, often used in learning or therapeutic contexts.