Frieda Is at Her Local Florist to Buy a Dozen

question 11

Multiple Choice

Frieda is at her local florist to buy a dozen roses.She is willing to pay $75 for the roses, and buys them for $75.Frieda's consumer surplus from the purchase is

• A)$150.
• B)$75.
• C)$37.50.
• D)$0.

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Definitions:

Pecuniary

Relating to or consisting of money.

Sales Commission

A fee paid to sales personnel, often calculated as a percentage of the sales they generate.

Income Tax

A tax imposed by a government on the financial income generated by individuals or entities within its jurisdiction.

Plant Capacity

The maximum level of output that a company can sustain to produce in a given period under normal conditions.