This topic contains a solution. Click here to go to the answer

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 33 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
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
Answer to Question 1

C

Answer to Question 2

B




nummyann

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


raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

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?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library