Suppose that the price of a ride is $12. Then Angela buys 8 rides a month. Suppose her demand curve is P = 40-2Q. Then how much is her consumer surplus in a month? (Note: 1) If your answer is a whole number, then there is no need to round to 2 decimal places. 2) If your answer is "200 dollars", please key in 200 directly without any units or dollar sign.)

Suppose that the price of a ride is $12. Then Angela buys 8 rides a month. Suppose her demand curve is P = 40-2Q. Then how much is her consumer surplus in a month? (Note: 1) If your answer is a whole number, then there is no need to round to 2 decimal places. 2) If your answer is "200 dollars", please key in 200 directly without any units or dollar sign.)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 1P

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Suppose that the price of a ride is $12. Then Angela buys 8 rides a month. Suppose her demand curve is P = 40 - 2Q. Then how much is her consumer surplus in a month? (Note: 1) If your answer is a whole number, then there is no need to round to 2 decimal places. 2) If your answer is "200 dollars", please key in 200 directly without any units or dollar sign.)
Suppose that the price of a ride is $12. Then Angela buys 8 rides a month. Suppose her demand curve is P = 40-2Q. Then how much is her consumer surplus in a month?
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Question 39 You are considering buying a monthly metro pass for the subway at $100 or paying $4 per ride (Pd). Your monthly demand curve is Pd = 60-2Qd where Qd is the number of rides per month. Given this information, your consumer surplus will be $784 buying each ride and $800 with the monthly pass. $600 buying each ride and $700 with the monthly pass. $784 buying each ride and $750 with the monthly pass. $750 buying each ride and $900 with the monthly pass.
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