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anvas.harvard.edu/courses/96738/quizzes/251400/take Time Running: 2022 Spring Quiz Instructions Attempt due; Mar 7 Minutes, 31 This quiz is closed book and closed notes and should reflect your

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anvas.harvard.edu/courses/96738/quizzes/251400/take Time Running: 2022 Spring Quiz Instructions Attempt due; Mar 7 Minutes, 31 This quiz is "closed" book and "closed" notes and should reflect your own work only. You should have a calculator ncements available to assist you with numeric answers (use of a computer calculator is fine too). D Question 1 3 pts ents Greta consumes m movies and spends n in nachos according to the following quasilinear utility: U (m, n) = 50m - " + n, where m is the amount of movies she buys and n represents the total spending of Greta in nachos. The initial price of movies is p = 10. Fill the blanks and round your answer to the nearest whole integer e.g. write x, not x.0 as an answer. What is Greta's gross consumer surplus? Review What is Greta's net consumer surplus? grity If the price of movies increases to p = 25, by how much will the net consumer's surplus decrease? ces Input the change in surplus, not the new surplus level. ations es 17 662 13 W

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