menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: Consumers, producers, and the Efficiency of Markets
  5. Question
    Nathan Buys a New Sound System for His Dorm Room
Solved

Nathan Buys a New Sound System for His Dorm Room

Question 46

Question 46

Multiple Choice

Nathan buys a new sound system for his dorm room for $500.He receives consumer surplus of $400 from the purchase.At what amount does Nathan value his sound system


A) $100
B) $400
C) $500
D) $900

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q36: For any given quantity, the price on

Q42: Free markets allocate (1) the supply of

Q43: Determine the amount of consumer surplus generated

Q44: Figure 7-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 7-3

Q45: Suri is willing to pay $85 for

Q47: Market demand is given as Q<sub>D </sub>=

Q48: Denise values a stainless steel dishwasher for

Q49: Suppose Connor is willing to pay $400

Q50: According to many economists,what do government restrictions

Q51: What do many economists believe that restrictions

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines