Mike Really Enjoys Bitter Sweet Coffee and Is Willing to Pay

question 304

Multiple Choice

Mike really enjoys Bitter Sweet coffee and is willing to pay $10 per cup.The retail price is $3.

• A) Mike's consumer surplus is $10 per cup.
• B) Mike has a consumer surplus of $7 per cup.
• C) The seller can raise price to $13 and still make a sale to Mike.
• D) Mike is getting a poor deal on the coffee.

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Definitions:

Genotype Frequency

The proportion of a particular genotype in the population. Compare with allele frequency and phenotype frequency.

Aa Genotypes

Refers to the genetic makeup of an organism having one dominant allele (A) and one recessive allele (a) for a particular trait.

Hardy-Weinberg Predictions

Hardy-Weinberg predictions are mathematical expressions that describe the expected frequencies of genotypes in a population under certain conditions, including random mating and absence of evolutionary forces.

Genetic Equilibrium

A state in a gene pool where the frequency of alleles remains constant from generation to generation in the absence of evolutionary forces.