Refer to the table above. How many DVDs will Dave rent per week such that the...

  

Transcribed Image Text:

Refer to the table above. How many DVDs will Dave rent per week such that the consumer surplus on the last unit is zero? ma Dave's Consumer Surplus on DVD Rentals per Week Number of DVDs rented per week 1st 2nd 3rd 4th 5th 6th 7th Amount Dave is willing to pay to rent this DVD ($) 10.00 8.00 6.50 5.50 5.00 4.50 4.25 Dave's consumer surplus on each DVD rental if price is $10 each Refer to the table above. How many DVDs will Dave rent per week such that the consumer surplus on the last unit is zero? ma Dave's Consumer Surplus on DVD Rentals per Week Number of DVDs rented per week 1st 2nd 3rd 4th 5th 6th 7th Amount Dave is willing to pay to rent this DVD ($) 10.00 8.00 6.50 5.50 5.00 4.50 4.25 Dave's consumer surplus on each DVD rental if price is $10 each

Answer rating: 100% (QA)

The consumer surplus on the last unit is zero if Dave rents 10 DVDs per week The consumer surplus is ... View the full answer