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toripollard8 toripollard8
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4 years ago
Suppose that Anne buys three pairs of designer shoes at $200 a pair. If the price equals the amount Anne is willing to pay for the third pair, then:

▸ she earned no consumer surplus.

▸ she would have earned consumer surplus if she bought one more pair of shoes.

▸ she would have earned more consumer surplus if she bought one fewer pair of shoes.

▸ she might have earned some consumer surplus on the first two pairs of shoes.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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JaxJax
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4 years ago
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