Question: Four college friends all lost their computers in a dorm theft after Drew forgot to lock the door. Now they are each considering buying

Four college friends all lost their computers in a dorm theft after

Four college friends all lost their computers in a dorm theft after Drew forgot to lock the door. Now they are each considering buying a netbook. The table contains the maximum prices each would be willing to pay. The lowest price they can find is $150. Willingness to pay Student Felix $500 Lauren $400 Drew $300 Oscar $100 Price ($) 600 550 500 450 400 350 300 250 200 150 100 On the graph, move the price line from $0 to the market price for netbooks. Then highlight each person's consumer surplus (CS) by moving the line segments assigned to each buyer. Place one segment at the top of the consumer surplus region for that person, and the other segment at the bottom. If a buyer does not have a consumer surplus at all, leave that person's line segments where they are. What is the total consumer surplus? 50 0 consumer surplus: $ Felix Felix Lauren Lauren Drew Drew Oscar Oscar Price 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 Quantity of netbooks

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