Which of the Following Statements Provides the Best Example of Consumer

question 60

Multiple Choice

Which of the following statements provides the best example of consumer surplus?

• A)"Drinking that bottle of soda increased my happiness by $10."
• B)"John gave me $5 for the watermelon even though it cost me only $2."
• C)"I paid $20 for this shirt for which I would have paid up to $40."
• D)"I refuse to pay $30 for their steak dinner;it's highly overpriced."

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Definitions:

High Interest Debt

Debt that carries a particularly high interest rate, often significantly increasing the cost of borrowing.

Balance Sheet

A document that presents a summary of a company's financial assets, debts, and shareholders' equity at a certain point in time.

Profitable Investment

An investment that generates a financial gain or profit, exceeding the initial cost of the investment over time.

Economic Benefits

The advantages or gains received from actions or decisions made in terms of increased income, cost savings, or improved financial health.