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29 Sep 2019
If the market price for teaching is $10 per hour what would be the consumer surplus for the following students if they pay the market price?
a. Jack is willing to pay $24 for one hour his consumer surplus is $________ .
b. Jill is willing to pay $21 for one hour her consumer surplus is $ _________.
c. Kathy is willing to pay $10 for one hour her consumer surplus is $ _________.
d. The total consumer surplus for the three students is $_________.
If the market price for teaching is $10 per hour what would be the consumer surplus for the following students if they pay the market price?
a. Jack is willing to pay $24 for one hour his consumer surplus is $________ .
b. Jill is willing to pay $21 for one hour her consumer surplus is $ _________.
c. Kathy is willing to pay $10 for one hour her consumer surplus is $ _________.
d. The total consumer surplus for the three students is $_________.
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Sonal BahlLv10
29 Sep 2019
17 Nov 2020
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