Jeff Decides That He Would Pay as Much as $2,000

question 40

Multiple Choice

Jeff decides that he would pay as much as $2,000 for a new laptop computer.He buys the computer and realizes a consumer surplus of $300.How much did Jeff pay for his computer?

• A)$300.
• B)$1,700.
• C)$2,000.
• D)$2,300.

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Definitions:

Developmental Psychologist

A professional who studies the psychological growth of individuals, including cognitive, emotional, and social development, throughout different stages of life.

Older

Referring to individuals or entities that have existed for a significant period of time, often implying greater experience, maturity, or age compared to others.

Changes

The act or process through which something becomes different, often leading to new directions in life, behavior, or operation.

Cross-sectional Study

A research method that analyzes data from a population, or a representative subset, at a specific point in time.