=+a. Suppose that the price of each ride is $5. At that price, how much consumer surplus

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=+a. Suppose that the price of each ride is $5. At that price, how much consumer surplus does an individual consumer get? (Recall that the area of a right triangle is ¥2 the height of the triangle x the base of the triangle.)

b. Suppose that Fun World considers charging an admission fee, even though it

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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