1.3. Your roommate just bought an iPod for $200. She would have been willing to pay $500...

Question:

1.3. Your roommate just bought an iPod for $200.

She would have been willing to pay $500 for a machine that could store and replay that much music. How much consumer surplus does your roommate enjoy from the iPod?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

Question Posted: