Multiple Choice
Which of the following would be the best example of consumer surplus?
A) Jane does not get cell-phone service because she feels that it is worth less than the $30 a month fee.
B) Sam pays $8 for a haircut that is worth $10 to him.
C) Ralph buys a house for $104,000, the maximum amount that he would be willing to pay for it.
D) Sue purchases a book for $20 and uses a credit card to pay for it.
Correct Answer:
Verified
Correct Answer:
Verified
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