This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Dave's Consumer Surplus on Movie Rentals per WeekNumber of movies rented per weekAmount Dave is ... (Read 36 times)

Bobvance

  • Full Member
  • ***
  • Posts: 154
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Bobvance on Oct 12, 2022

ladan86

  • Full Member
  • ***
  • Posts: 150
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.
Answer Preview
Only 45% of students answer this correctly


Bobvance

  • Member
  • Posts: 154
Reply 2 on: Oct 12, 2022
:D TYSM

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

(a) Zombies are a common theme in movies. However, (b) the number of zombie movies released each yea (a) Zombies are a common theme in movies. However, (b) the number of zombie movies released each yea
Sabah El-Kheir (Movie) Sabah El-Kheir (Movie)
Book Rentals Book Rentals
The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling The Food Label Provides Valuable Consumer Information Manufacturers must adhere to strict labeling
A variety of sugar substitutes is available to the consumer A variety of sugar substitutes is available to the consumer
From Farm to Consumer From Farm to Consumer
Video: Bond in biological molecules (Ionic, Covalent and Hydrogen bonds)/ How atoms bond?

For a complete list of videos, visit our video library