You'll Need More Words to Build a Consensus About a Complex

question 49

Multiple Choice

You'll need more words to build a consensus about a complex and controversial subject,especially if the members of your audience are ___________

• A)elderly.
• B)young.
• C)pleased.
• D)skeptical.

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Definitions:

Consumer Surplus

The gap between what consumers are ready to pay for a product or service and the actual amount they spend.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming one more unit of a good or service.

Total Utility

The entire pleasure derived from using a certain aggregate quantity of a good or service.

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a good or service and the actual price they do pay.