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Economics Model Answers Seven - 2013 (view source)

Revision as of 23:47, April 21, 2013

20 bytes added ,  23:47, April 21, 2013
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:So the consumer surplus for this question is:
 
:So the consumer surplus for this question is:
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:5 TIMES ($30 - $15)
+
:5 TIMES ($30 - $15) = $75
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:10 TIMES ($25 - $15)
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:10 TIMES ($25 - $15) = $100
−
:50 TIMES ($20 - $15)
+
:50 TIMES ($20 - $15) = $250
 
:The total sum is $75 + $100 + $250 = $425  
 
:The total sum is $75 + $100 + $250 = $425  
  
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