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Author Question: If Joel buys ten floppy disks, which are worth a total of 30 to him, and he pays 1 a disk, how much ... (Read 148 times)

nummyann

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on: Jul 1, 2018
If Joel buys ten floppy disks, which are worth a total of 30 to him, and he pays 1 a disk, how much consumer surplus does he derive?
 a. 24
  b. 15
  c. 20
  d. 10
  e. 2 from each floppy disk

Question 2

The consumers' surplus derived from the last unit of a good purchased
 a. tends to be less than 0
  b. tends to be equal to 0
  c. tends to equal the price of the good
  d. tends to be greater than the price of the good
  e. depends on the marginal utility of the first unit purchased


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verrinzo

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


nummyann

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  • Posts: 576
Reply 2 on: Jul 1, 2018
Gracias!

  • Member
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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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