ECON MICRO
ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
Question
Chapter 6, Problem 3.10P
To determine

The way we can say that a rider has derived his consumer surplus from their visit to the amusement park if the consumer become indifferent between two rides.

Consumer surplus:

It is the difference between the willingness to pay and what he actually pays for the good. It is the area below the demand curve and above the price level.

ECON MICRO, Chapter 6, Problem 3.10P

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