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Author Question: Dave's Consumer Surplus on Movie Rentals per WeekNumber of movies rented per weekAmount Dave is ... (Read 72 times)

Bobvance

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on: Oct 12, 2022
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. Assuming Dave maximizes his utility when the price is $5, his consumer surplus (in dollars) on each movie rental in order from 1 through 7 is as follows:
◦ 10.00, 18.00, 24.50, 30.00, 35.00, 39.50, 43.75.
◦ 0 on all units.
◦ 5.00, 3.00, 1.50, 0.50, 0, 0, 0.
◦ 5.00 on all units.
◦ 10.00, 8.00, 6.50, 5.50, 5.00, 4.50, 4.25.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Bobvance on Oct 12, 2022

ladan86

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bobvance

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

amandanbreshears

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Reply 3 on: Yesterday
Wow, this really help

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