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9 May 2018
Table: Music Downloads Number Eli's Madison's of Music Willingness Willingness Downloads to Pay to Pay 1 st song $4.50 $3.00 2nd song 3.50 2.00 3rd song 2.50 1.00 4th song 1.50 0.50 5th song 0.50 0.25 23. (Table: Music Downloads) Look at the table Music Downloads. Two consumers, Eli and Madison, like to download songs to their MP3 players, and the table represents their willingness to pay for each downloaded song. If an individual song can be downloaded at a price of $1, what is the total consumer surplus received by these consumers? A) $19.25 B) $18 C) $10 D) $11
Table: Music Downloads Number Eli's Madison's of Music Willingness Willingness Downloads to Pay to Pay 1 st song $4.50 $3.00 2nd song 3.50 2.00 3rd song 2.50 1.00 4th song 1.50 0.50 5th song 0.50 0.25 23. (Table: Music Downloads) Look at the table Music Downloads. Two consumers, Eli and Madison, like to download songs to their MP3 players, and the table represents their willingness to pay for each downloaded song. If an individual song can be downloaded at a price of $1, what is the total consumer surplus received by these consumers? A) $19.25 B) $18 C) $10 D) $11
Bunny GreenfelderLv2
12 May 2018
