The way we can say that a rider has derived his consumer surplus from their visit to the amusement park if the consumer become indifferent between two rides. Consumer surplus: It is the difference between the willingness to pay and what he actually pays for the good. It is the area below the demand curve and above the price level.

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Chapter 6, Problem 10P

To determine

The way we can say that a rider has derived his consumer surplus from their visit to the amusement park if the consumer become indifferent between two rides.

Consumer surplus:

It is the difference between the willingness to pay and what he actually pays for the good. It is the area below the demand curve and above the price level.

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