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Loraine Loraine
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9 years ago
The price of a cowboy hat is $100. Willie is willing to pay $130, Waylon is willing to pay $100, and Merle is willing to pay $85. All of the following statements are true EXCEPT:
A) Merle's consumer surplus is $15.
B) The sum of consumer surplus will be $30.
C) Waylon's consumer surplus is $0.
D) Only Willie and Waylon will purchase the cowboy hat.
E) Willie's consumer surplus is $30.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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9 years ago
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Loraine Author
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9 years ago
Thanks
shelbycox
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Yesterday
Smart ... Thanks!
kobbhy
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2 hours ago
this is exactly what I needed
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