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Category > Economics Posted 22 Jun 2017 My Price 6.00

combined consumer surplus

3. Refer to the figure below: What is the combined consumer surplus for the customers who buy the Porsche Spyders when
the market price is $835,000?
Instructions: Enter your response as a whole number.
Combined Consumer Surplus: $ 4. What is the total revenue (price × quantity) received by the car dealer in the figure if he
charges
Instructions: Enter your responses as a whole number.
(a) A uniform price of $750,000?
$ (b) Maximum individual prices to Fred, Michel, Hua, Carlos, John, and Marty?
$ 6. Suppose movie downloads cost $2 apiece and game downloads cost $3. If the marginal utility of
movie downloads at the optimal mix of consumption is 10 utils, what is the marginal utility of a game
download?
Instructions: Enter your answer as a whole number.
utils
15 8. Refer to the figure below: What is the combined consumer surplus for the five consumers who buy Spyders when the price drops
to $800,000?
Instructions: Enter your response as a whole number.
Combined Consumer Surplus: $ 10. Refer to figure below: At a market price of $825,000, how much consumer surplus is received by
Instructions: Enter your response as a whole number. (Note: consumer surplus is never a negative
number.)
(a) Fred? $ (b) Carlos? $ (c) John? $

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 05:06 AM My Price 6.00

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