Answer to Question #328544 in Microeconomics for Kay

Question #328544

2. A limited edition package is sold only to 200 customers for $130 each. The average value of the package for the 200 customers is $280. What is the total consumer surplus?

c. $30,000

Expert's answer

"280-130 =150" $

"150 \\cdot 200 = 30000"

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