--%>

Total consumer surplus received

Assume that you gain $36 worth of pleasure from first hole of the golf played on any specific day since you are an avid golfer, however the extra pleasure you profit from playing succeeding holes drops by $2 per additional hole. The $40 greens fee is needed to begin on any specific day however you can then play as lots of holes as you like with no extra fees. When you played nine holes one morning and then had to go away the course since of a family emergency, the net consumer surplus you would have obtained that day from playing golf would have been worth roughly: (1) 92 dollars. (2) 212 dollars. (3) 172 dollars. (4) 132 dollars. (5) 252 dollars.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Features of Monopoly Features of

    Features of Monopoly: A) A Single seller B) No close replacement available. C) No freedom for entry of new firms. D) Possibility of price discrimination.

  • Q : Average Variable Cost-Average Total

    Describe the relationship among Average Variable Cost (AVC) Average, Total Cost (ATC) and marginal Cost (MC)? Answer: A) If MC

  • Q : Higher price at slope of the demand

    When the slope of the demand for wheat is ten, we can predict now that a higher price of wheat will be as: (w) increase total expenditures on wheat. (x) reduce total expenditures on wheat. (y) not influence total expenditures on wheat. (z) More information is required

  • Q : Determine good for demand to be most

    Of the given, the good for that demand is likely to be most price elastic is as: (1) electricity. (2) airline tickets in throughout spring break. (3) ballpoint pens. (4) Paul Newman’s spaghetti sauce. (5) menthol cigarettes.

    Q : Technology and resource costs I have a

    I have a problem in economics on Technology and resource costs. Please help me in the following question. The short-run supply of macadamia nuts is considerably recognized by: (1) Preferences and tastes. (2) Technology and resource costs. (3) The number of consumers.

  • Q : Cost of inputs in Determinants of demand

    I have a problem in economics on Cost of inputs in Determinants of demand. Please help me in the following question. The entire given are determinants of demand apart from. (i) Taxes and preferences. (ii) The cost of inputs. (iii) Price expectations.

  • Q : Equilibrium in the long run This would

    This would be a fallacy to suppose that: (w) a purely competitive firm’s demand curve is perfectly elastic. (x) a purely competitive firm’s supply curve is the marginal cost above the minimum point of the AVC. (y) purely competitive firms generate where MR

  • Q : Externalities or public goods in purely

    A purely competitive economy along with no externalities or public goods tends to be efficient since: (1) firms try to act socially responsible. (2) government planners specify the best allocation. (3) all prices approximate marginal social benefits a

  • Q : Competitive market Select the right

    Select the right answer of the question. A competitive market will: A) achieve an equilibrium price. B) produce shortages. C) produce surpluses. D) create disorder.

  • Q : Causes of decrease in demand Illustrate

    Illustrate any three causes of decrease in demand? Answer: 1) Reduce in income of consumer. 2) Fall in the price of alternate good.3) Increase in the price of complementary goods.