Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Answer:
$300
Explanation:
Customer surplus may be explained as the additional benefit a customer earns over and above the amount paid. In other words, the amount paid is less than the amount customer is willing to pay for a certain product, hence. The additional benefit derived from paying less is the consumer surplus.
Therefore ;
Consumer surplus = Value - amount paid
From the question :
Consumer surplus = $150
Amount paid = $150
Hence,
Value = Consumer surplus + Amount paid
Value = $150 + $150
Value = $300
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.