Question suppose that a student would go to 1 blue jays, Ask an Expert

Economics

Question: Suppose that a student would go to 1 Blue Jays game if the price were $120, 2 Blue Jays games if the price were $80, 3 Blue Jays games if the price were $50, and 4 Blue Jays games if the price were $20. What is the consumer surplus if the price for a game is $40?

The answer given by my prof is $130 I do no understand why.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92586893

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question the following is an excerpt from a conversation

Question: The following is an excerpt from a conversation between two sales clerks, Jean Moen and Sara Cheney. Jean and Sara are employed by Turpin Meadows Electronics, a locally owned and operated electronics retail sto ...

Question assume a finite state of economy with three states

Question: Assume a finite state of economy with three states whose payoff matrix is given by X = $30 $ 20 $ 10 $20 $15 $0 1) what are the payoffs of the finite asset? 2) is the third asset redundant and why? 3) is the se ...

Question in 2001 and 2002 political opinion was bitterly

Question: In 2001 and 2002, political opinion was bitterly divided between the Republicans, who wanted to cut high marginal personal income tax rates and offer retroactive benefits to corporations by canceling the altern ...

Question joe buys a buick to keep it simple ignore the

Question: Joe buys a Buick. To keep it simple, ignore the sales tax. In all cases the cash price of the new car is $25,000. Show how components of consumption and investment are affected if Joe: (A) Pays cash. (B) Pays c ...

Question the united states currently uses a voting system

Question: The United States currently uses a voting system called "first past the post" in elections, meaning that the candidate with the most votes wins. What are some of the problems with a "first past the post" system ...

Question this problem set considers some of the empirical

Question: This problem set considers some of the empirical issues involved in implementing a comparable worth policy (a policy that assigns equal wages to jobs that are judged to be "comparable"). Economists typically do ...

Question baltimore is in the early stages of its north

Question: Baltimore is in the early stages of its "North Avenue Rising" project. Prior to the implementation, a basic cost-benefit analysis was conducted. You can access this report here or on ELMS. In class, we discusse ...

Question - research a recent within one year article that

Question - Research a recent (within one year) article that discusses an unethical behavior or activity associated with a famous apparel or accessories brand. Discuss the article and any associated articles that disclose ...

Question after the korean won devalued by approximately 50

Question: After the Korean won devalued by approximately 50% in late 1997 and the economy plunged into a severe recession in 1998, the economy rebounded strongly, with the growth rate returning to 9.3% in 2000. Without b ...

Question you are making 1000 monthly deposits into a fund

Question: You are making $1000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly. What would be the balance at the end of 10 years? The response must be typed, single spaced, must be in t ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert