[Answered] Brett buys a new cell phone for 100. He receives consumer surplus of 80 from the purchase. How much ...

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

Author Question: Brett buys a new cell phone for 100. He receives consumer surplus of 80 from the purchase. How much ... (Read 37 times)

nramada

Hero Member
Posts: 580

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

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

Joc

Sr. Member
Posts: 317

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

A

nramada

Member
Posts: 580

Reply 2 on: Jun 29, 2018

Wow, this really help

adf223

Member
Posts: 304

Reply 3 on: Yesterday

Excellent

« previous next »

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.