After Trying on a Dress, a Consumer Assesses It to Be

Multiple Choice

After trying on a dress, a consumer assesses it to be worth a maximum of $100 and is willing to pay that amount for the dress.However, the dress was priced at $80.What is the amount, $100, referred to as?

A) The producer surplus
B) The firm's cost (C) in manufacturing the dress
C) The consumer surplus
D) The value (V) the consumer attaches to the dress