Question

Kyoko 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 $400, her consumer surplus would have been $___

Answer 1

Answer:

Chapter 7 Post-Class Assignment Part I: Consumers, Producers, and the Efficiency of Markets: Algorithmic End of Chapter

3.7