Web24 feb. 2016 · Melissa buys an iPhone for $120 and gets a consumer surplus of $80. a. What is her willingness to pay? b. If she had bought the iPhone on sale for $90, what would her consumer surplus have been? c. If the price of an iPhone was $250, what would her consumer surplus have been? WebIf she bought her iphone for $120, whose consumer surplus would be $130 If she bought her iphone for $90, whose consumer surplus would be $160. An early freeze in …
Chapter 7, Consumers, Producers, and the Efficiency of
Web6 okt. 2024 · Melissa buys an iPhone for $120 and gets a consumer surplus of $80. a. What is her willingness to pay? b. If she had bought the iPhone on sale for $90, what … WebMelissa buys an iPhone for $ 240 and gets consumer surplus of $ 160 a. What is her willingness to pay? b. If she had bought the iPhone on sale for $ 180, what would her consumer surplus have been? c. If the price of an iPhone were $ 500, what would her Kaylee Mcclellan Numerade Educator 00:00 Problem 2 diy thin porch swings
Solved 1. Melissa buys an iPhone for $120 and gets consumer
WebMelissa buys an iPhone for $120 and gets consumer surplus of $80. a. What is her willingness to pay? Consumer surplus is equal to willingness to pay minus the price paid. Therefore, Melissa’s willingness to pay must be $200 ($120 + $80). b. If she had bought the iPhone on sale for $90, what would her consumer surplus have been? WebMelissa buys an iPod for $ 120 \$ 120 $120 and gets consumer surplus of $ 80 \$ 80 $80. If the price of an iPod were $ 250 \$ 250 $250 , what would her consumer surplus have … WebIf Melissa buys an iPod for $100 and gets a consumer surplus of $80, then her willingness to pay is $100 + $80 = $180. If she had bought the iPod on sale for $70, then her … crash bandicoot 4 trouble brewing