The Value to the Consumer Is Based Upon Adding Up

question 12

Multiple Choice

The value to the consumer is based upon adding up

• A)The most each consumer is willing to pay for a good.
• B)The least a firm is willing to sell the good for.
• C)The average of the most a consumer is willing to pay for a good and the least a firm is willing to sell the good for.
• D)The difference between most a consumer is willing to pay for a good and the least a firm is willing to sell the good for.

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Definitions:

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