Question
Answer 1 & 2 please! Show work
Buyer Lori Audrey Zach Calvin Willingness To Pay $50.00 $30.00 $20.00 $10.00
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Answer #1

Q1
Answer
The consumer surplus =sum of (willingness to pay-price).............only those considered which have the willingness to pay higher than the price
CS=50-18+30-18+20-18
=$46
option third
Q2
Answer
CS=50-30+30-30
=$20
Option third

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