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04 Question (3 points) e See page 255 Penelope is a big fan of dining out at fancy restaurants. Her demand for a dinner at
04 Question (3 points) e See page 255 Penelope is a big fan of dining out at fancy restaurants. Her demand for a dinner at a fancy restaurant is given by D(p) = 100 - 0.75p, where p is the price of a dinner in dollars. In your responses below, please round your answers to two decimal places. V 1st attempt Part 1 (0.8 point) Feedback See Hint If a dinner at a fancy restaurant is $50, how many dinners will Penelope consume? 62.50 dinners Part 2 (0.8 point) Feedback See HintPart2 (0.8 point) 0 Feedback 0 See Hint How much gross consumer's surplus does she get from this consumption? 6 $ ' 833313 Part 3 (0.8 point) 0 Feedback 0 See Hint How much money does she spend on dinners in this case? 0 $ 3125 Part4 (0.8 point) 0 Feedback 0 See Hint What is her net consumer's surplus from dinner consumption? 0 $ 510843
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