Question
Choose the correct answer and explain Martha is willing to buy 40 cakes from it's supplier at 10$, and she is willing to sell it
Choose the correct answer and explain
Martha is willing to buy 40 cakes from it's supplier at 10$, and she is willing to sell it at $15. Unexpectedly, Martha only receives 36 cakes to be sold in the market. Assuming each customer are willing to pay $20 for each cake. What is Martha's surplus?
$720
$360
$440
$600
$800
Martha is willing to buy 40 cakes from it's supplier at 10$, and she is willing to sell it at $15. Unexpectedly, Martha only receives 36 cakes to be sold in the market. Assuming each customer are willing to pay $20 for each cake. What is the total Martha's consumer surplus?
$720
$360
$440
$600
$800
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