Answer: consumer surplus
Explanation:
The difference between the maximum amount a person is willing to pay for a given quantity of a good and the amount actually paid for that quantity is known as consumer surplus. On a supply and demand curve, it is the area between the equilibrium price and the demand curve. For example, if you would pay 76 dollars for a cup of tea but can buy it 50 dollars, your consumer surplus is 26 dollars
They are using Nonworking spouse method to determine their life insurance needs.
Answer: Option A
<u>Explanation:</u>
Non-working spouse methods refer the method which can use when there is a single earner in the family. Since there is formula where eighteen is the minimum age required to declare oneself as a major, the non-working spouse method can be used when one can get enough financial support until the children are eighteen years old. So concluding, this is the method that can be used to determine Jeff’s and Erica’s life insurance needs.
Any unsettlements of values
The answer for this would be John F. Kennedy. He was the president during the Cuban missile crisis
