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

Author Question: Dave's Consumer Surplus on Movie Rentals per WeekNumber of movies rented per weekAmount Dave is ... (Read 89 times)

Bobvance

  • Full Member
  • ***
  • Posts: 154
on: Oct 12, 2022
Dave's Consumer Surplus on Movie Rentals per Week

Number of movies rented per weekAmount Dave is willing to pay to rent this movie ($)Dave's consumer surplus on each movie rental if price is $5 each
1st10.00​
2nd 8.00​
3rd 6.50​
4th 5.50​
5th 5.00​
6th 4.50​
7th 4.25​

TABLE 6-5

Refer to Table 6-5. Assuming Dave maximizes his utility when the price is $5, his consumer surplus (in dollars) on each movie rental in order from 1 through 7 is as follows:
◦ 10.00, 18.00, 24.50, 30.00, 35.00, 39.50, 43.75.
◦ 0 on all units.
◦ 5.00, 3.00, 1.50, 0.50, 0, 0, 0.
◦ 5.00 on all units.
◦ 10.00, 8.00, 6.50, 5.50, 5.00, 4.50, 4.25.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Bobvance on Oct 12, 2022

ladan86

  • Full Member
  • ***
  • Posts: 150
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


Bobvance

  • Member
  • Posts: 154
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Sabah El-Kheir (Movie) Sabah El-Kheir (Movie)
Book Rentals Book Rentals
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
From Farm to Consumer From Farm to Consumer
Mean Girls Movie Mean Girls Movie
Video: Genetic distance between human groups

For a complete list of videos, visit our video library