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Consider the following schedule that shows the marginal benefit received by John from travelling to different countries
Posted: Wed Mar 09, 2022 8:34 am
by answerhappygod
- Consider The Following Schedule That Shows The Marginal Benefit Received By John From Travelling To Different Countries 1 (83.27 KiB) Viewed 31 times
Consider the following schedule that shows the marginal benefit received by John from travelling to different countries in thousands of dollars is: Countries 1 2 3 4 5 Total Benefit 10,000 19,000 27,000 35,000 38,000 40,000 41,000 6 7 If the price of each trip is $6000 and John maximizes his utility, what is the consumer surplus he obtains?