--%>

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 : Output From the heterodox approach,

    From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?

  • Q : Perfectly price inelastic demand For

    For Cournot’s Spring Water the demand is perfectly price inelastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

    Q : Define balance of trade Balance of

    Balance of trade: It is the distinction between imports and exports of a country which are valued.

  • Q : Founder of modern general equilibrium

    The founder of modern general equilibrium analysis was: (w) Leon Walras. (x) Adam Smith. (y) Alfred Marshall. (z) John Maynard Keynes. Please choose the right answer from above...I want your suggestion for the same

  • Q : Problem concerning Exploitation I have

    I have a problem in economics on Problem concerning Exploitation. Please help me in the given question. Whenever resource suppliers are salaried less than the values of their marginal products [or VMPs], then they are stated to be: (i) Monopsonistic.

  • Q : Explain about federal income tax Can

    Can somebody help me to solve this query.. The federal income tax, wherein the rate rises as income increases, is taken as: (w) a progressive tax. (x) a regressive tax. (y) skewed towards the poor. (z) unfair to th

  • Q : Contribution Standard The concept that

    The concept that people must have income in proportion to their productivity is termed as the: (1) equality standard of distribution. (2) productivity standard of distribution. (3) needs standard of distribution. (4) utility standard

  • Q : Question based on GDP In calculating

    In calculating the GDP national income accountants: A) treat inventory changes as an adjustment to personal consumption expenditures. B) ignore inventories because they do not represent final goods. C) subtract increases in inventories or add decreases in inventories.

  • Q : Oligopoly and the law An illegal

    An illegal practice from an oligopolistic firm would be: (w) price leadership. (x) direct price collusion with rivals. (y) non-price competition. (z) mutual interdependence in price and output decisions. I need a g

  • Q : Automation process I have a problem in

    I have a problem in economics on Automation process. Please help me in the following question. The procedure of substituting complicated machinery for human labor is termed as: (1) automation. (2) Bionic engineering. (3) Robotics. (4) Scientific manag