Asked by
hifazat ahmad
on Dec 11, 2024Verified
Andre decides that he would pay as much as $3,000 for a new laptop computer. He buys the computer and realizes consumer surplus of $700. How much did Andre pay for his computer?
A) $700
B) $2,300
C) $3,000
D) $3,700
Consumer Surplus
The gap between what consumers are ready and able to spend for a good or service and the actual amount they pay.
- Understand the concept of consumer surplus and how to calculate it.
Verified Answer
AK
Learning Objectives
- Understand the concept of consumer surplus and how to calculate it.