Andy buys a new floor mat for his car for $198 and receives consumer surplus of $53 on the purchase. His willingness to pay (in $) for the floor mat is therefore? The result should be an integer number, no decimals (e.g. if the result is 3.67, write 4.) Your Answer:

Andy buys a new floor mat for his car for $198 and receives consumer surplus of $53 on the purchase. His willingness to pay (in $) for the floor mat is therefore? The result should be an integer number, no decimals (e.g. if the result is 3.67, write 4.) Your Answer:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Andy buys a new floor mat for his car for $198 and receives consumer surplus of $53
on the purchase. His willingness to pay (in $) for the floor mat is therefore? The
result should be an integer number, no decimals (e.g. if the result is 3.67, write 4.)
Your Answer:

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Thankyou!