Multiple Choice
You find a treasure chest with a big lock on it. After rushing to the local hardware store you find a sledge hammer for $9.49. You say out loud, "Wow I would have paid $500 for this!" This statement is an illustration of:
A) total value.
B) marginal cost.
C) consumer surplus.
D) marginal value.
Correct Answer:
Verified
Correct Answer:
Verified
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