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Author Question: Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. He is willing to pay 200 ... (Read 174 times)

FButt

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on: Jun 29, 2018
Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. He is willing to pay 200 for the dozen fish, but buys them for a total of 140. Marco's consumer surplus from the purchase is
 
  A) 5. B) 60. C) 140. D) 200.

Question 2

Refer to Figure 2-8. What is the opportunity cost of one dozen orchids?
 
  A) 0.4 dozen roses B) 2.5 dozen roses C) 7.25 dozen roses D) 16 dozen roses


Mholman93

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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