Question

The economist Bryan Caplan recently found a pair of $10 arch supports that saved him from the pain of major foot surgery. As he stated on his blog (econlog.econlib.org), he would have been willing to pay $100,000 to fix his foot problem, but instead he only paid a few dollars.How much consumer surplus did Bryan enjoy from this purchase?a. $10b. $10,000c. $99,990

Answer 1

Answer:

c. $99,990

Explanation:

costomer surplus = $100,000 - $10

                             =  $99,990

Therefore, Bryan enjoyed $99,990 costomer surplus from the purchase.