nadiskwan4522 nadiskwan4522
  • 11-09-2017
  • Business
contestada

When you are willing to pay $5 for a hamburger but you pay $4 for it, your consumer surplus for the hamburger is:?

Respuesta :

W0lf93
W0lf93 W0lf93
  • 23-09-2017
$1. A "consumer surplus" is the difference between what a customer is WILLING to pay and what they ACTUALLY pay. You are willing to pay $5 on a hamburger, but you only spend $4. There is a difference between what you would've paid and what you did pay -- meaning, the difference between five dollars and four dollars. 5 minus 4 is 1. The consumer surplus is one dollar.
Answer Link

Otras preguntas

3. Calvin has a bucket of marbles. The table shows the number of marbles of each color Color Amount Red Blue 3 Yellow 4 Green Calvin will randomly select a marb
there is 1/4 of a pan of brownies on the kitchen counter. you and your friend want to split it evenly do you each take 1/2 of whats left. what fraction of the w
what type of rook is this
help with this pls quick ​
WILL MARK AS BRAINLY
how did seashells go on top of Mount Everest
Please help with number 8
Petroleum and gas reserves are found in which type of rock layers?.
Choose the response that best fits the scenario. Which does not refer to physical appearance? aburrido feo gordo bonito.
guys i really need help! before mitosis begins, the cells ??? ,such as chloroplast and mitochondria, make copies of themselves. A) cells B) endoplasmic reticulu