Question

Adie wants to take some online classes this semester. She is willing to pay $1,000 for the first class, $800 for the second, $700 for the third, and $500 for the fourth. If online classes cost $750, Adie will take _____ online classes and her consumer surplus will equal _____.

Answer 1

As the class cost $750 Adie will only take one class because she is not willing to pay $750 for the second, third or fourth class. Also because she is willing to pay $800 for the first class her consumer surplus will be $50(800-750)

Step-by-step explanation: