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Author Question: Jane is willing to pay 4 for the first cup of coffee a day, 2.50 for the second cup, and 1 for the ... (Read 15 times)

acc299

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  • Posts: 569
on: Jun 29, 2018
Jane is willing to pay 4 for the first cup of coffee a day, 2.50 for the second cup, and 1 for the third cup, after which she won't buy any coffee. The price of a cup of coffee is 2.40.
 
  Jane's consumer surplus from the coffee she buys is ________ per day. A) 1.60
  B) 1.70
  C) 4.80
  D) 6.50

Question 2

In the figure above, with international trade the United States ________ million shirts per year.
 
  A) imports 32
  B) imports 48
  C) exports 16
  D) exports 32


fatboyy09

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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