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-Emily goes to a music store looking to buy the latest Bruno Mars CD. She' s willing to pay up to $18.99 but is told

-Emily goes to a music store looking to buy the latest Bruno Mars CD. She' s willing to pay up to $18.99 but is told at the cash register that all CD's are marked down by 1/3rd. What's the value of Emily's consumer surplus?

-There are six potential buyers of computer games each willing to buy only one game. Person 1 will pay $40; Person 2 will pay $35; 3, $30; 4, $25; 5, $20; and 6, $15

  • If the market price is $29, what is total consumer surplus?
  • If the price decreases by $10, what is total consumer surplus now?

2.To Vivien clothing has a marginal utility of 20 utils and food a marginal utility of 20 utils.If clothing cost $4 and food $8, is Vivien doing her best in terms of satisfaction? If not, what could she do?

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