This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Joel buys ten floppy disks, which are worth a total of 30 to him, and he pays 1 a disk, how much ... (Read 28 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
If Joel buys ten floppy disks, which are worth a total of 30 to him, and he pays 1 a disk, how much consumer surplus does he derive?
 a. 24
  b. 15
  c. 20
  d. 10
  e. 2 from each floppy disk

Question 2

The consumers' surplus derived from the last unit of a good purchased
 a. tends to be less than 0
  b. tends to be equal to 0
  c. tends to equal the price of the good
  d. tends to be greater than the price of the good
  e. depends on the marginal utility of the first unit purchased


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
:D TYSM

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

The Geometry of a Total Solar Eclipse The Geometry of a Total Solar Eclipse
Billy Joel - Just The Way You Are Billy Joel - Just The Way You Are
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library