Below is the marginal willingness to pay of a consumer for organic apples. a. What is this
Question:
Below is the marginal willingness to pay of a consumer for organic apples.
a. What is this individual’s total willingness to pay at a consumption level of 4 apples?
b. If the price of organic apples is $2.40, how many apples would this person consume?
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To calculate the total willingness to pay and the consumption level at a given price we need to use ...View the full answer
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