Question

Ork 30 Michel Carlos Price (dollars per car) Marty Bob 700000 Blaise E650000 500000 550000 T5 60 500000 Quantity Demanded (cars per year) What is the combined consumer surplus for the customers who buy the Porsche Spyders when the market price is $840,000? Instructions: Enter your response as a whole number. Combined Consumer Surplus: $ 2 26 !! Next >

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Answer 1

Hua B Carlos الكام ۳ ) Bob 3 ponnoo 850000 3 borror Price & collars Podobo 650000 7 6 5 4 600000 550000 5000 L o L 2 3 i Quantity Demanded quantity (cars per year) Market Price = $840000 the consen Consumes Surplus is the benefit gets above and beyond what he/she has paid Michel for eg who has brought 2 cars per year has paid 8, 4oooo. Her benefit looks like it was - 950000 - 840000 > 110000 For Hua of Carles the same methe would be abklied The total or the combined Consumes suy is nothing but the area under the demand curve Area A A A CB a represents the Consumer Surplus

x 4х асою $ ЧОО 000
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