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Author Question: Recall the Application about Japanese and American consumers' willingness to pay for Internet ... (Read 21 times)

lb_gilbert

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Recall the Application about Japanese and American consumers' willingness to pay for Internet service to answer the following question(s). In the United States, the average willingness to pay for Internet service is $85 per month, and the average monthly price of Internet service is $40 per month.


According to the Application, the average consumer surplus in the United States from Internet service is about ________ percent of the price.
◦ 47
◦ 89
◦ 113
◦ 212


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Marked as best answer by lb_gilbert on Jul 20, 2019

olderstudent

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