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If You Go to the Store to Buy a New Shirt and Are Willing to Spend 25 on It, but Its on Sale for a Price of 15 Your Consumer Surplus of

Problemas

If you go to the store to buy a new shirt and are willing to spend 25 on it, but its on sale for a price of 15 your consumer surplus of that purchase would be: 10 15 0 since you bought the good 25

Roztwór

Raúl professionell · Tutor durante 6 años
Weryfikacja ekspertów
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Respuesta

To calculate the consumer surplus, we need to find the difference between the maximum amount you are willing to pay for the shirt and the actual price you paid for it.In this case, you are willing to spend 25 \ . Therefore, your consumer surplus would be:Consumer surplus = Maximum amount you are willing to pay - Actual price paidConsumer surplus = 25 - \ 10 \ .