Q3 Number ofMaximum Dave ismovies rented willing to pay to rentper weekthis movie1stS10.002nd$8.00Зrd$6.504th$5.505th$5.006th$4.507th$4.25If each movie costs $5 and Dave rents three movies in one week, his total consumer surplus isand thetotal amount he pays isa. $6.50; $5.00O b. $5.50; $5.00Oc. $19.50; S15.00O d. $9.50; $15.00e. $24.50; $24.50

Each movie costs $5 and dave rents three movies. Hence, the total amount he pays for renting the…

Business

Economics

Q3

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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