Problem
In the "Consumer Surplus from Television" application, people are asked how much they would be willing to pay to watch television or how much they'd have to be paid never to watch again. Graph what is being measured. What alternative question could have been asked that would have provided more details on the value consumers place on watching an extra hour of television?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.