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Nicki Paid $900 for a Camera That She Thought Was

Question 47

Multiple Choice

Nicki paid $900 for a camera that she thought was worth $1100 for all the features included in it.For the consumer electronics firm selling the camera,however,the cost of producing the camera was only $350.What is the consumer surplus in this scenario?


A) $900
B) $1,100
C) $550
D) $200

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