Billie Jo values a stainless steel dishwasher for her new house at $500, but she succeeds in buying one for $425. Billie Jo's willingness to pay for the dishwasher is

A) $150.
B) $425.
C) $500.
D) $850.

Question

Billie Jo values a stainless steel dishwasher for her new house at $500, but she succeeds in buying one for $425. Billie Jo's willingness to pay for the dishwasher isA) $150.B) $425.C) $500.D) $850.

Malcolm Lovemore · Accepted Answer

Final Answer : C, Explanation :  Billie Jo's willingness to pay for the dishwasher is $500, which is the maximum amount she values or is willing to pay for it, not the actual purchase price of $425.

Billie Jo values a stainless steel dishwasher for her new house at $500, but she succeeds in buying one for $425. Billie Jo's willingness to pay for the dishwasher is

A) $150.
B) $425.
C) $500.
D) $850.

Definitions

Learning Objectives

Learning Objectives

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