At a garage sale, Dominique purchases a sewing machine for $30 when shewas willing to pay $55. If the sewing machine costs $200 new, Dominique'sconsumer surplus would beSelect one:A. $120.В. $25.C. $170.O D. $0.OE. $145. The table below shows the quantities of toffee bars and bags of cashews thata consumer could consume over a 1-week period.ofToffeeCashews (bags)(bars)MarginalTotalMarginalUtilityTotalUnitsUtilityUtilityUtility11010121281810223237.2942634127366.27372727TABLE 6-1Refer to Table 6-1. The maximum utility that a consumer can obtain from toffeebars and bags of cashews per week isSelect one:A. 54.B. 74.O C. 64.D. 22.E. 56.5.

"Since you have asked multiple questions, we will solve first question for you .. If you want any…

At a garage sale, Dominique purchases a sewing machine for $30 when she was willing to pay $55. If the sewing machine costs $200 new, Dominique's consumer surplus would be Select one: O A. $120. OB. $25. O C. $170. D. $0. E. $145.

At a garage sale, Dominique purchases a sewing machine for $30 when she was willing to pay $55. If the sewing machine costs $200 new, Dominique's consumer surplus would be Select one: O A. $120. OB. $25. O C. $170. D. $0. E. $145.

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 7PA

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Question

At a garage sale, Dominique purchases a sewing machine for $30 when she
was willing to pay $55. If the sewing machine costs $200 new, Dominique's
consumer surplus would be
Select one:
A. $120.
В. $25.
C. $170.
O D. $0.
OE. $145.

The table below shows the quantities of toffee bars and bags of cashews that
a consumer could consume over a 1-week period.
of
Toffee
Cashews (bags)
(bars)
Marginal
Total
Marginal
Utility
Total
Units
Utility
Utility
Utility
1
10
10
12
12
8
18
10
22
3
23
7.
29
4
26
34
1
27
36
6.
27
37
27
27
TABLE 6-1
Refer to Table 6-1. The maximum utility that a consumer can obtain from toffee
bars and bags of cashews per week is
Select one:
A. 54.
B. 74.
O C. 64.
D. 22.
E. 56.
5.

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