Question
Assume Joe cleans Janes house weekly for $80. Jane would be willing to pay $100 weekly to have her house cleaned. Joes opportunity cost is
Assume Joe cleans Janes house weekly for $80. Jane would be willing to pay $100 weekly to have her house cleaned. Joes opportunity cost is $70. If Joe cleans Janes house the consumer surplus is
a.$100
b.$80
c.$70
d.$20
e.$10
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
