Kyra buys an iPhone for $240 and gets consumer surplus of $160. a. What is her willingness

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Kyra buys an iPhone for $240 and gets consumer surplus of $160.

a. What is her willingness to pay?

b. If she had bought the iPhone on sale for $180, what would her consumer surplus have been?

c. If the price of an iPhone were $500, what would her consumer surplus have been?

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Principles Of Macroeconomics

ISBN: 9780357133491

9th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 28, 2024 08:00 AM

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Kyra buys an iPhone for $240 and gets consumer surplus of $160. a. What is her willingness

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Principles Of Macroeconomics

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