Question
The Marginal Willingness to Pay of a consumer for organic apples is shown on the table help, (Q= quantity of apples in lbs. per week
The Marginal Willingness to Pay of a consumer for organic apples is shown on the table help, (Q= quantity of apples in lbs. per week and Marginal Willingness to Pay is in $'s.
Q: 0, 1, 2, 3, 4, 5, 6
Marginal Willingness to pay: 5.00, 4.00, 3.20, 2.60, 2.20, 1.80, 1.50
What is the individuals total willingness to pay (TWTP) at a consumption level of 4 apples?
If the price of apples is $2.40 how many apples will the person consume?
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Business Driven Technology
Authors: Paige Baltzan
5th edition
978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844
