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Author Question: Dave's Consumer Surplus on Movie Rentals per WeekNumber of movies rented per weekAmount Dave is ... (Read 78 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
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Bobvance

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Reply 2 on: Oct 12, 2022
:D TYSM

xoxo123

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Reply 3 on: Yesterday
Wow, this really help

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