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Gwen Has Posted a Questionnaire on MySpace Asking Her Friends

question 95

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Gwen has posted a questionnaire on MySpace asking her friends to support her idea of cell phones in the classroom. She ignores anyone opposing her beliefs, which is an example of


Definitions:

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Earplugs

Small devices inserted into the ear canal to protect the ears from loud noises, water, or to block out sound for concentration or sleep.

Utility Function

Mathematical model that quantifies satisfaction levels consumers receive from consuming various quantities of goods and services, guiding choices under constraint.

Consumer's Surplus

The gap between what consumers are prepared and capable of spending for a product or service and the aggregate sum they end up paying.

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