Suppose Lauren, Leslie and Lydia all purchase bulletin boards for their rooms for $15 each. Lauren's willingness to pay was $35, Leslie's willingness to pay was $25, and Lydia's willingness to pay was $30. Total consumer surplus for these three would be
a)
$15.
b)
$30.
c)
$45.
d)
$90.
2007-12-06 15:19:59 · 6 answers · asked by jack 1 in Education & Reference ➔ Homework Help
(35+25+30) - (15+15+15) = 45
C
2007-12-06 15:23:37 · answer #1 · answered by Mavis 5 · 0⤊ 0⤋
total = 35-15 for Lauren + 25-15 for Leslie and 30-15 for Lydia = 20+10+15=$45, (c)
2007-12-06 15:23:32 · answer #2 · answered by dohboy000 4 · 0⤊ 0⤋
c)
The sum of the differences for each person.
2007-12-06 15:24:36 · answer #3 · answered by Tim C 7 · 0⤊ 0⤋
its C dude
2007-12-06 15:28:47 · answer #4 · answered by Colin T 2 · 0⤊ 0⤋
Its (c)
cheers!!!!!!!!!
2007-12-06 19:24:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
d?
2007-12-06 15:22:52 · answer #6 · answered by hmm? 2 · 0⤊ 0⤋