You are willing to pay $25 (but not a penny more) for a half-hour massage. At the

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You are willing to pay $25 (but not a penny more) for a half-hour massage. At the end of your session, the masseur offers a second half-hour session for $20. After thinking about it for little while, you agree.

(a) How much is your total utility from the two massages?

(b) How much is your consumer surplus if you get two half-hour massages?

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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