Author Question: Brett buys a new cell phone for 100. He receives consumer surplus of 80 from the purchase. How much ... (Read 64 times)

nramada · **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