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Author Question: Dave's Consumer Surplus on Movie Rentals per WeekNumber of movies rented per weekAmount Dave is ... (Read 65 times)

jacob816

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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. If Dave rents 3 movies in one week, his total consumer surplus is ________ and the total amount he pays is ________.
◦ $19.50; $15.00
◦ $9.50; $15.00
◦ $24.50; $24.50
◦ $5.50; $5.00
◦ $6.50; $5.00


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Marked as best answer by jacob816 on Oct 12, 2022

Tussalpain

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jacob816

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it


bigsis44

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Reply 3 on: Yesterday
Excellent

 

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