The value to the consumer is based upon adding up
A)The most each consumer is willing to pay for a good.
B)The least a firm is willing to sell the good for.
C)The average of the most a consumer is willing to pay for a good and the least a firm is willing to sell the good for.
D)The difference between most a consumer is willing to pay for a good and the least a firm is willing to sell the good for.

Question

Quizplus · Accepted Answer

The value to the consumer is determined by the maximum amount they are willing to pay for a good, reflecting their personal valuation or utility derived from the good.

The Value to the Consumer Is Based Upon Adding Up