Table 4-2 -Refer to Table 4-2.The Table Above Lists the Highest Prices

question 121

Multiple Choice

Table 4-2

-Refer to Table 4-2.The table above lists the highest prices five consumers are willing to pay for a theater ticket.If the price of one of the tickets is $18,

• A)Anya and Basil will each buy two tickets.
• B)Basil will receive $2 of consumer surplus from buying one ticket.
• C)Anya and Basil receive a total of $26 of consumer surplus from buying one ticket each. No one else will buy a ticket.
• D)Celeste, Dralon, and Esther will receive a total of $34 of consumer surplus since they will buy no tickets.

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Definitions:

Organizations

Entities, either public or private, constructed for a specific purpose, characterized by structures and efforts towards collective goals.

Vertical Communication

Messages that are communicated according to an organization’s chain of command by flowing both upward and downward.

Organizations

Entities comprising multiple people working together towards common objectives, structured to coordinate their activities and resources.

Communication Habits

Patterns or practices of behavior in how individuals communicate with others, which can be beneficial or detrimental.