Melissa buys an iPhone for $120 and gets consumer surplus of $80. a. What is her willingness

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Melissa buys an iPhone for $120 and gets consumer surplus of $80.

a. What is her willingness to pay?

b. If she had bought the iPhone on sale for $90, what would her consumer surplus have been?

c. If the price of an iPhone were $250, what would her consumer surplus have been?

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Principles Of Microeconomics

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:00 AM

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Melissa buys an iPhone for $120 and gets consumer surplus of $80. a. What is her willingness

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Principles Of Microeconomics

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