Select the correct one : A “Spider-man” DVD is worth $30 to Marcus. But he buys one on sale for just $15. What is the consumer surplus that results from Marcus’s purchase? a) $10 b) $25 c) $15 d) cannot be determined from the information given. e) $40 Note : option c) $ 15 & option d) is incorrect

Select the correct one : A “Spider-man” DVD is worth $30 to Marcus. But he buys one on sale for just $15. What is the consumer surplus that results from Marcus’s purchase? a) $10 b) $25 c) $15 d) cannot be determined from the information given. e) $40 Note : option c) $ 15 & option d) is incorrect

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2) Explain how utility could be used in a decision where performance is not measuredby monetary value.
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