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algol13
2 years ago
6

Suppose Kendra sells cheesecakes for $10 each and would be willing to sell cheesecakes for $8 each. If Austin buys five and he i

s willing to pay $80 in total, how much is his total consumer surplus
Business
1 answer:
pychu [463]2 years ago
6 0

Answer:

40$

Explanation:

Each cheesecake is being sold for 8$, Austin is buying 5 for 80$

5 cheesecakes ×8$ = 40

Austin is giving 80$ for the 5 cheesecakes which total 40$ ( 80-40) = 40$ is his consumer surplus.

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The perpetual equivalent annual cost is - $35013

<h3 /><h3>The perpetual annual cost calculation</h3>

interest i = 10%

Period = n = 7 years

Formula

A/F = i/(1+i)^n-1

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2 years ago
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4 years ago
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Answer:

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