Dan Owns an Autographed Copy of a Brittany Spears CD

question 94

Multiple Choice

Dan owns an autographed copy of a Brittany Spears CD.If he sells it locally,he can get $100.If he puts it on eBay,he can get $500,of which he will pay $50 to eBay.eBay has therefore caused total economic surplus to be

• A)unchanged.
• B)$400 higher.
• C)$50 higher.
• D)$350 higher.

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Definitions:

Organizing Principle

A core concept or belief that structures and guides the behavior of a system or society.

Evolutionary Change

The process by which species undergo modifications and adaptations over time leading to new species formations.

Genetic Material

The molecules inside cells that carry genetic information, primarily DNA and RNA, which determine hereditary characteristics.

Natural Selection

A process in biological evolution where organisms with traits better suited to their environment are more likely to survive and reproduce.