Question
A consumer is willing Tommy $8/month to subscribe to a 3rd TV streaming service. The market price for the service is $5.00/month. The service is
A consumer is willing Tommy $8/month to subscribe to a 3rd TV streaming service. The market price for the service is $5.00/month. The service is willing to accept $2.00/month. The total economic surplus generated from the consumer's decision is
A) $8.00
B) $6.00
C) $5.00
D) $3.00
E) $0.00
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Managerial Economics A Problem-Solving Approach
Authors: Luke M. Froeb, Brain T. Mccann
2nd Edition
B00BTM8FK0
