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Question
Table 16-3| Potential Customer | Willingness to Pay (dollars per hour) |
| Arun | $8 |
| Bernice | 9 |
| Cara | 10 |
| Dawn | 12 |
Julie plans to start a pet-sitting service. She surveyed her neighborhood to determine the demand for this service. Assume that each person surveyed demands only one hour of pet sitting services per period. Table 16-3 above shows a portion of her survey results.
Refer to Table 16-3. If Julie charges $10 per hour, what is the value of the consumer surplus received by Dawn?
A) $2
B) $10
C) $12
D) $22
Answer
This answer is hidden. It contains 1 characters.
Related questions
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B) the relative input prices.
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Which of the following would be categorized as an opportunity cost?
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b. the cost of purchasing supplies for your house-cleaning business
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A) a only
B) a and c only
C) b and c only
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