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Answer to Question #106176 in Microeconomics for gomo

Question #106176
Jeff decides that he would pay as much as R3 000 for a new laptop computer. He buys the
computer and realises consumer surplus of R700. How much did Jeff pay for his
computer?
1
Expert's answer
2020-03-23T09:57:34-0400

Consumer surplus is the difference between the price that consumer pay and the price that they are willing to pay. 

Therefore the price of the computer is

R3000-R700

= R2300


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