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

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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? pg69

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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