answer all questions please

This Wendy's commercial confuses the notions of appreclation and consumer surplus. Recall that consumer surplus is the difference between what a consumer is willing to pay for a good and what they actually pay for it. According to standard economic theory, consumer surplus must always be Economists often simplify economic models by ignoring the role that transaction costs play in decision making. Purchasing a good often involves explicit transaction costs; such as the cost of the gasoline used to get to the store, but there are also implicit transaction costs such as the opportunity cost of the time spent shopping for and ecquiring a product. The remaining questions will help you understand the importance of transaction costa. Suppose Beth values consuming her first Double Stack burger at $3,00, and she places no value on any additional burgers. Based on Beth's witingness to pay, her demand curve is plotted on the following graph. For simplicity, assume there is no time cost of waiting in line for her first Doubie stack burger. Using the green rectangle (triangle symbola), shade the area representing beths consumer surplus from purchasing a ourger under these condibans on the following graph. Using the green rectangle (triangle symbols), shade the area representing Beth's consumer surplus from purchasing a burger under these conditions on the following graph. Suppose Beth just sat down to enjoy the Double Stack burger that she purchased for $1.00. Her friend, Andrew, would alsa like a Double Stack burger, but he strongly dislikes standing in line. Andrew offers to buy Beth's Double Stack rather than wait in line himself and pay $1.00. The following table shows some hypothetical offers Andrew might make for Beth's burger. First, compute the consumer surplus Beth gets from buying the burger for $1.00, refusing Andrew's offers, and eabing the burger, Enter these amounts in the second column of the following tabie. Next, compute the consumer surplus she gets from buying the first burger at st. Oo, selling it to Andrew at each price listed, purchasing onother burger for 51.00 , and consuming it. Enter these amounts in the third column of the table. Again, assume that Beth's cost of waibing in line for a burger is zero. Note: If Beth is willing to sell her burger to Andrew while at the Wendy's restaurant, she would purchase another burger immediately, since the value of the burger (53.00) remains higher than the pnce of the burger ($1.00). $1.75 $2.25 $2.75 Now relax the assumption that Beth's cost of walting for a Double Stack is zero. Specifically, Beth values each minute of her time at s0.25. Suppose the wait for a Double Stack is three minutes. Including the value of her time, the cost of obtaining a burger for Beth is and her consumer surplus from purchasing and consuming a burger is Of the following prices, what's the lowest price she would accept from Andrew in exchange for her burger? $1.50 52.00 $2.50 $3.00 From the previous analyals, you can conclude that the minimum price at which Beth is willing to sall her Double stack burger to Andrem the shorter her wait in line