You are willing to pay $25 (but not a penny more) for a half-hour massage. At the end of your session, the masseur offers a second half-hour session for $20. After thinking about it a little while, you agree. (a) How much is your total utility from the two massages? Total utility: $ 45 4 (b) How much is your consumer surplus if you get two half-hour messages? Consumer surplus: $

You are willing to pay $25 (but not a penny more) for a half-hour massage. At the end of your session, the masseur offers a second half-hour session for $20. After thinking about it a little while, you agree. (a) How much is your total utility from the two massages? Total utility: $ 45 4 (b) How much is your consumer surplus if you get two half-hour messages? Consumer surplus: $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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