Question: Numerical problem on consumer surplus: Assume that the demand for travel over a bridge takes the form Y = 1 , 0 0 0 ,
Numerical problem on consumer surplus: Assume that the demand for travel over a bridge
takes the form Y P where Y is the number of trips over the bridge and P
is the bridge toll in dollars Calculate the consumer surplus if the bridge toll is $ and $
You Answer: Bridge toll is $:
Bridge toll is $:
Round your answer to two decimal places if it is not an integer. Please do
NOT include $ or words like million in your answer.
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