A student purchases a used economics textbook for $50 but was willing to pay $100 for it.

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A student purchases a used economics textbook for $50 but was willing to pay $100 for it. If the new text costs $130, the student's consumer surplus is

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 22, 2024 12:52 AM

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A student purchases a used economics textbook for $50 but was willing to pay $100 for it.

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Answer Consumer surplus is a measure of the economic benefit that consumers receive when they purcha... View the full answer

Microeconomics An Intuitive Approach with Calculus

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