Nick Can Purchase Each Milkshake for $2

question 431

Multiple Choice

Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1. What is the value of Nick's consumer surplus for the milkshakes he buys?

• A) $2
• B) $9
• C) $3
• D) $10

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Definitions:

Trait Expression

The manner in which an individual's characteristics or qualities are displayed or manifested in their behavior.

Behavioral Genetic Research

The study of the role genetic and environmental variables play in shaping behaviors, using methods like twin studies, family studies, and adoption studies.

Monozygotic Twins

Identical twins resulting from the division of a single fertilized egg, leading to genetically identical individuals.

Dizygotic Twins

Twins that are genetically different and are born from two separate eggs fertilized by two different sperm.