Explanation:
this is easy to understand and even to answer so if I tell u the answer
how will u learn to do things yourself. By me being a business Woman i learn't that in order to gain sumthing in life u have to do it yourself
Answer:
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Answer:
The student must purchase the number of items in which the price exceeds the ability of the student to pay.
<em>The number of bags he will purchase at the price of $4, is 2, because the willingness to purchase is $4.
</em>
The solution is therefore 2 sachets of jelly beans.
Whenever the student eats 2 bags of jelly beans at $4, the consumer surplus is determined as follows;
<em>Consumer Surplus</em>
<em>= ($5-$4) + ($4-$4)</em>
<em>= $1.</em>
