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Author Question: The price of a cowboy hat is $100. Willie is willing to pay $130, Waylon is willing to pay $100, and ... (Read 97 times)

nramada

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on: May 24, 2019
The price of a cowboy hat is $100. Willie is willing to pay $130, Waylon is willing to pay $100, and Merle is willing to pay $85. All of the following statements are true EXCEPT
◦ Merle's consumer surplus is $15.
◦ the sum of consumer surplus will be $30.
◦ Waylon's consumer surplus is $0.
◦ only Willie and Waylon will purchase the cowboy hat.
◦ Willie's consumer surplus is $30.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by nramada on May 24, 2019

verrinzo

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Reply #1 on: May 24, 2019
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.
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nramada

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Reply #2 on: May 24, 2019
TY


verrinzo

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Reply #3 on: May 24, 2019
You're welcome


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