Question

nadia spends $100.00 buying halal meat. suppose her consumer surplus is $200. what is nadia's total private benefit?

Answer 1

Nadia's total private benefit, which is the sum of her consumer surplus and the amount she paid for halal meat, equals $300.

Step-by-step explanation:

Nadia's total private benefit is the sum of her consumer surplus and the amount she spends on halal meat.

Since she spends $100.00 and her consumer surplus is $200, her total private benefit would be the sum of these two amounts, which is $300.00.

The consumer surplus represents the extra value or satisfaction Nadia receives from purchasing the meat compared to what she paid for it, indicating that she valued the meat at $300 but only had to pay $100.