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pirex pirex
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6 years ago
Figure 9.6 shows an individual's demand curve for time per month spent telecommunicating while driving (talking on the car phone.) A car phone is useless except for talking with somebody who is not in the car. If calls are priced at ten cents per minute, what is the consumer surplus derived from talking? What is the most this person would pay for the car phone? Explain.
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Microeconomics

Microeconomics


Edition: 6th
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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LBCeaLBCea
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This calls for a celebration Person Raising Both Hands in Celebration
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