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Author Question: Dave's Consumer Surplus on Movie Rentals per WeekNumber of movies rented per weekAmount Dave is ... (Read 53 times)

dhsndn

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Dave's Consumer Surplus on Movie Rentals per Week

Number of movies rented per weekAmount Dave is willing to pay to rent this movie ($)Dave's consumer surplus on each movie rental if price is $5 each
1st10.00
2nd 8.00
3rd 6.50
4th 5.50
5th 5.00
6th 4.50
7th 4.25

TABLE 6-5

Refer to Table 6-5. If Dave rents 5 movies in one week, his total consumer surplus is ________ and the total amount he pays is ________.
◦ $10; $25
◦ $9.50; $5
◦ $9.50; $25
◦ $5; $25
◦ $0; $25


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Marked as best answer by dhsndn on Oct 12, 2022

mgranuc

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dhsndn

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


chereeb

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Reply 3 on: Yesterday
Wow, this really help

 

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