Solved

MrNoriega Paid $700 for Each of Three Suits

Question 85

Multiple Choice

Mr.Noriega paid $700 for each of three suits.Since all of the suits were pleasing to his taste,he would have been willing to pay according to this schedule: $950 for the first suit,$800 for the second suit,and $700 for the third suit.How much was his consumer surplus?


A) $100
B) $150
C) $250
D) $350
E) $700

Correct Answer:

verifed

Verified

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

Related Questions