Step 2 Assignment After the Step 1 deadline, I will give you the cost of the TV Based on the price that you chose, submit the dollar amount of your consumer surplus Be sure to include the demand curve drawn utilizing your classmates price submissions to the Step 1 Discussion Board (Your Class Step 1 Maximum Price Actual Price Consumer Surplus Discussion 1) willing to Pay (Equilibrium Price or Step 2 Consumer Market Price) Surplus Calculations You can select several Assume that the actual prices from the price for this TV Maximum Price willing to discussion board This is just an 5399 99 Pay Actual Price example See the Consumer Surplus discussion for your class Student 1 $300 $399 99 (300 399 99) $ Student 2 $350 $399 99 (350 399 99) $ Student 3 $600 $399 99 (600 399 99 ) $ Student 4 $899 $399 99 899 399 99 $ Student 6 $300 $399 99 (300 399 99 Student 7 $400 $399 99 400 399 99 $ Student 8 $350 $399 99 350 399 99 ) S Student 9 $400 $399 99 (400 399 99 $ Student 3 $679 $399 99 (679 399 99 $ Student 10 (yourself) $320 $399 99 (320 399 99 ES

Question

Step 2 Assignment  After the Step 1 deadline, I will give you the cost of the TV  Based on the price that you chose, submit the dollar amount of your consumer surplus  Be sure to include the demand curve drawn utilizing your classmates price submissions to the Step 1 Discussion Board  (Your Class Step 1 Maximum Price Actual Price Consumer Surplus  Discussion  1) willing to Pay (Equilibrium Price or Step 2  Consumer Market Price) Surplus Calculations You can select several Assume that the actual prices from the price for this TV  Maximum Price willing to discussion board  This is just an 5399 99 Pay   Actual Price   example  See the Consumer Surplus discussion for your class  Student  1 $300 $399 99 (300 399 99) $ Student  2 $350 $399 99 (350 399 99)  $ Student  3 $600 $399 99 (600  399 99 ) $ Student  4 $899 $399 99 899 399 99  $ Student  6 $300 $399 99 (300 399 99 Student  7 $400 $399 99 400 399 99  $ Student  8 $350 $399 99 350  399 99 ) S  Student  9 $400 $399 99 (400  399 99  $ Student  3 $679 $399 99 (679 399 99  $ Student  10 (yourself) $320 $399 99 (320 399 99 ES

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Step 2 Assignment: After the Step 1 deadline, I will give you the cost of the TV. Based on the price that you chose, submit

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