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MAVERICK [17]
3 years ago
10

Mark and rasheed are at the bookstore buying new calculators for the semester. mark is willing to pay $75 and rasheed is willing

to pay $100 for a graphing calculator. the price for a calculator at the bookstore is $65. how much is their total consumer surplus?
Business
1 answer:
Rom4ik [11]3 years ago
5 0

The correct answer is $45

Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pay $75 ( <em>$75 - $65 = </em><em>$10</em> ) and  Rasheed is willing to pay $100 ( <em>$100 - $65 = </em><em>$35</em> ) for a graphing calculator. The price for a calculator at the bookstore is $65. Their total consumer surplus ( <em>$10 + $35 = $45</em> )  is $45

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