Question: 3. . Pick one internet service you enjoy like google or Netflix. Estimate how much you would be willing to pay for it each month,

 3. . Pick one internet service you enjoy like google or

Netflix. Estimate how much you would be willing to pay for it

3. . Pick one internet service you enjoy like google or Netflix. Estimate how much you would be willing to pay for it each month, and then how much you actually have to pay for it each month. Use these two numbers to calculate your consumer surplus. (4 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!