Melissa buys an iphone for 120
WebStep-by-step solution. Step 1 of 3. The willingness to pay for a good is the maximum worth a good has for the buyer. The consumer surplus is the difference between the amount that the buyer is willing to pay for a good and the amount that the buyers actually pay for it. It is given by the area of the triangle under the downward sloping demand ... WebPurchase price of iPhone = $120 Consumer Surplus = $80 Answer (a) Willingness To Pay = Purchase Price + Consumer Surplus Willingness To Pay = 120 + 80 = $200 Answer (b) Willingness to Pay = $200 Purchase Price = $90 Consumer Surplus = Willingness to Pay - Purchase Price Consumer Surplus = 200 - 90 = $110 Answer (c) Purchase price = $250
Melissa buys an iphone for 120
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WebIn September 2014 Apple was selling a gold version of the 128GB iPhone 6 for $949. Two days later that phone was advertised on eBay for a starting bid of $1,625. Was this …
WebMelissa buys an iPhone for $120 and gets 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 … WebMelissa buys an iPhone for $120 and gets 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 …
WebMelissa's willingness to pay for some good (in our example iPhone) is 200 dollars (120 dollars + 80 dollars). Her consumer surplus would have been 110 dollars (200 dollars - … 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
WebMelissa buys an iPod for $120 and gets consumer surplus of $80. a. What is her willingness to pay?b. If she had bought the iPod on sale for $90, what would her consumer surplus have been?c. If the price of an iPod were $250, what would her consumer surplus have been? (3) * Add file arrow_forward
WebGeneral Economics Melissa buys an iPhone for $120 and Question: Melissa buys an iPhone for $120 and Melissa buys an iPhone for $120 and gets 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. joyee in chicagoWebMelissa buys an iPhone for $120 and gets 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 were $250, what would her consumer surplus have been? Step-by-step solution Step 1 of 4 joyeer wirelessWebEcon Chapter 7. Jen values her time at $60 an hour. She spends 2 hours giving Colleen a massage. Colleen was willing to pay as much as $300 for the massage,but they … joyee plus chinatownWebMelissa 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 consu; The cost of producing an iPhone is $173, while they sell for $649. joyees dumpling houseWeb20 nov. 2024 · Melissa buys an iPhone for $120 and gets consumer surplus of $80. a. ... Answer Actual price paid by melissa for the iPhone $120 Consumer surplus $80 a. … joyee fleece pulloverWeb6 . Consumer Surplus Ana buys an iPhone for $150 and gets a consumer surplus of $200. Her willingness to pay for an iPhone is $_____. If she had bought the iPhone on sale for $100, her consumer surplus would have been $_____. If the price of the iPhone had been $370, her consumer surplus would have been $_____. joyee noodles in chicagoWebSuppose Melissa buys an iPhone for $120 and gets consumer surplus of $80. What is her willingness to pay? a. $120 b. $180 c. $200 d. $220 c. $200 If she had bought the … joyee steam shower