Suppose that Bob places a value of $10 on a movie ticket and that Lisa places a value of $7 on a movie ticket. In addition, supp

Question

3 years ago

14

Suppose that Bob places a value of $10 on a movie ticket and that Lisa places a value of $7 on a movie ticket. In addition, supp

ose the price of a movie ticket is $5. Refer to Scenario 12-2. Suppose the government levies a tax of $1 on each movie ticket and that, as a result, the price of a movie ticket increases to $6.00. If Bob and Lisa both purchase a movie ticket, what is total consumer surplus for Bob and Lisa?

Mathematics

1 answer:

ololo11 [35] · Answer 1 · 2022-02-09T06:23:21+03:00

ololo11 [35]3 years ago

4 0

Answer:

$5.

Step-by-step explanation:

Bob and Lisa have estimated a total value of $17.

The movie tickets are actually $6 each.

$12 for two tickets.

estimated value - actual value = consumer surplus.

$17 - $12= $5