a. What is each travelers consumer surplus when the price is $4 a mile? b. What is
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b. What is the market consumer surplus when the price is $4 a mile?
The table gives the demand schedules for train travel for the only buyers in the market, Ann, Beth, and Cy.
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a When the price is 4 per mile Ann buys 25 miles Anns consumer surplus is the ...View the full answer
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