If Niki Is Willing to Pay Up to $5 for an Ice-Cream

question 239

Multiple Choice

If Niki is willing to pay up to $5 for an ice-cream bar but she actually pays $2 for it. The consumer surplus of the ice-cream bar for Niki

• A)is $2.
• B)is $3.
• C)is $7.
• D)cannot be determined without information about the market structure.

---

Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and the desire to do a task well.

Political Skill

The ability to effectively understand others at work and to use such knowledge to influence others to act in ways that enhance one’s personal or organizational objectives.

Visibility

The degree to which something is seen or how much exposure or attention it receives.

Personal Influence

The effect one individual's presence and actions have on the attitudes or behaviors of others.