Matt Has Decided to Purchase His Textbooks for the Semester

question 123

Multiple Choice

Matt has decided to purchase his textbooks for the semester. His options are to purchase the books via the Internet with next day delivery to his home at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. Assume the minimum that Matt would be willing to accept to drive to the university campus is equal to the amount he saved on the concert ticket. What would be the amount of his economic surplus if he bought his textbooks at the university bookstore rather than via the Internet?

• A) $5
• B) $1
• C) $50
• D) $20

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Definitions:

Political Sites

Online or physical spaces where political activity, discussion, and engagement occur.

Powerful Capitalists

Individuals or entities that hold significant economic power and influence within capitalist societies, often through wealth accumulation and control over production and resources.

Competing Interests

Situations in which different parties or stakeholders have opposing objectives or needs, leading to conflicts or negotiation.

Unobtrusive Control

A subtle form of control that manipulates the behavior of individuals or groups in a manner that is not overtly forceful or direct.