[Answered] Brett buys a new cell phone for 100. He receives consumer surplus of 80 from the purchase. How much ...

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Author Question: Brett buys a new cell phone for 100. He receives consumer surplus of 80 from the purchase. How much ... (Read 36 times)

nramada

Hero Member
Posts: 580

on: Jun 29, 2018

Brett buys a new cell phone for 100. He receives consumer surplus of 80 from the purchase. How much does Brett value his cell phone?

A) 180 B) 100 C) 80 D) 20

Question 2

Refer to Table 1-5. What is Julius's marginal benefit if he decides to stay open for three hours instead of two hours?

A) 15 B) 25 C) 65 D) 80

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Marked as best answer by a Subject Expert

Joc

Sr. Member
Posts: 317

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

A

nramada

Member
Posts: 580

Reply 2 on: Jun 29, 2018

Excellent

AmberC1996

Member
Posts: 317

Reply 3 on: Yesterday

Great answer, keep it coming

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