Suppose Brent,Callie,and Danielle Each Purchase a Particular Type of Electric

question 16

Multiple Choice

Suppose Brent,Callie,and Danielle each purchase a particular type of electric pencil sharpener at a price of $20.Brent's willingness to pay was $22,Callie's willingness to pay was $25,and Danielle's willingness to pay was $30.Which of the following statements is correct?

• A)Had the price of the pencil sharpener been $24 rather than $20,only Danielle would have been a buyer.
• B)Brent's consumer surplus is the smallest of the three individual consumer surpluses.
• C)For the three individuals together,consumer surplus amounts to $60.
• D)The fact that all three individuals paid $20 for the same type of pencil sharpener indicates that each one placed the same value on that pencil sharpener.

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Definitions:

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a language, including word order and sentence organization.

Semantics

The branch of linguistics and logic concerned with meaning, including the ways meaning is structured in language and how changes in word arrangement affect meaning.

Morphology

Morphology refers to the study of the form and structure of organisms or their specific structural features.

Phonology

The study of the sound system of languages, including the rules for combining and using sounds to communicate meaning.