Which of the Following Is an Example of Consumer Surplus

question 345

Multiple Choice

Which of the following is an example of consumer surplus?

• A) Jose buys a hamburger for $2 and tells you he would not have paid a penny more.
• B) John believes the price he paid for his computer was too high.
• C) Mary buys a paper tablet for $2 and finds the same good at another store for $1.50.
• D) Sue would have paid $15 for a new compact disc but paid only $10.
• E) Anne finds a mountain bike for which she is willing to pay a maximum of $550 and the price of the bike is $600.

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Definitions:

Methyl α-methacrylate

An ester used as a monomer in the production of poly(methyl methacrylate) (PMMA) and other acrylic plastics.

Carbon

A chemical element with symbol C and atomic number 6, which is nonmetallic and tetravalent—making four electrons available to form covalent chemical bonds.

Hydrogen Mole Ratio

The ratio of the number of moles of hydrogen in a compound or reaction to some other specified component or the overall reaction.

Carbowax

A trade name for a series of polyethylene glycols commonly used as solvents, lubricants, and in pharmaceutical formulations.