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FromTheMoon [43]
3 years ago
15

Ray buys a new tractor for $118,000. He receives consumer surplus of $13,000 on his purchase. Ray's willingness to pay is a. $11

8,000. b. $13,000. c. $131,000. d. $105,000.
Business
1 answer:
baherus [9]3 years ago
4 0
$131,000
WTP-price paid

I hope this helps you
:)
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Answer:

23.12%

Explanation:

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Using a financial calculator and the CF function, input the following to find IRR;

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Yr2 cashflow inflow ; C02 = 412,300

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3 0
3 years ago
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Over [174]

Answer:

$319,000

Explanation:

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= Total expenses in three year - actual warranty expenditure

where,

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