Brett buys a new cell phone for 100. He receives consumer surplus ...

[nramada]

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

[Joc]

Answer to Question 1

A

Answer to Question 2

A

[nramada]

Thanks for the timely response, appreciate it

[jojobee318]

Great answer, keep it coming