emfav9030 emfav9030
  • 12-09-2018
  • Business
contestada

If you are a buyer with a buyer value of $6.50, would you be willing to buy a book for $6.25?

Respuesta :

pristina
pristina pristina
  • 22-09-2018

Answer: Yes, we will be willing to buy it for $6.25.

Explanation: Willingness to pay for a good measures the maximum amount the consumer is ready to pay for a good or service. If the price for a good is less than the willingness to pay then the consumer will buy the good. If the price is more than the willingness to pay then they will not buy the goo.

In this case, the buyer's willingness to pay is $6.50, so if price of a book is $6.25 the buyer will buy it and get a surplus of,

[tex] $6.50 - $6.25

= $0.25[/tex]

Answer Link

Otras preguntas

Le fecha- escape the room activity
Bonds are less risky than are stocks because their return is more predictable. Select one: a. TRUE b. False
Don’t understand the problem, need help ASAP!
You need to create a plot of y = 2x- 6 identify points on this graph you must solve for the values of when takes on different valuesWhat is y when x = 5
Which of the following choices is located at 0 longitude
Please help me answer this question.
David was thinking of a number. David doubles it and gets an answer of 79.7. What was the original number?​
In 3 years' time, a girl will be over 18 years old. If she is now x years old, write an inequality in x.
Grumpy lives in shared accommodation and as a result of this, shares the bathroom with the other 6 house mates. He has never really showered before.Explain 3 ne
Solve the equation below