1 answer

QUESTION 4 Table: Willingness to Pay Maximum Willingness to Pay for Good A and Good B...

Question:

QUESTION 4 Table: Willingness to Pay Maximum Willingness to Pay for Good A and Good B John Mary Good A $90 $35 Good B $30 $70

QUESTION 4 Table: Willingness to Pay Maximum Willingness to Pay for Good A and Good B John Mary Good A $90 $35 Good B $30 $70 Reference: Ref 14-6 (Table: Willingness to Pay) Refer to the table. What is John's maximum willingness to pay for the bundled goods? A. $90 B. $30 C. $105 OD.$120 QUESTION 5 Table: Willingness to Pay Maximum Willingness to Pay for Good A and Good B Mary John Good A $90 $35 Good B $30 $70 Reference: Ref 14-6 (Table: Willingness to Pay) Refer to the table. What is Mary's maximum willingness to pay for the bundled goods? A. $120 B. $30 C. $105 D.$70

Answers

4) Maximum Willingness to pay for John = sum of willingness for bundled goods = 90 + 30 = $120

Therefore (D) is the answer to the question

5) Maximum willingness to pay for Mary = sum of individual goods

= 35+70 = $105 ,

Therefore (C) is the answer to the question

.

Similar Solved Questions

1 answer
Value: 10.00 points and the centerline) is measured to be 35 m/s. Determine the velocity at...
value: 10.00 points and the centerline) is measured to be 35 m/s. Determine the velocity at the center of the pipe. In fully developed laminar flow in a circular pipe, the velocity at R/2 (midway between the wall surface The velocity at the center of the pipe - m/s Hints Hint#1 Check my work...
1 answer
The following data are for the two products produced by Tadros Company. The following data are...
The following data are for the two products produced by Tadros Company. The following data are for the two products produced by Tadros Company. Direct materials Direct labor hours Machine hours Batches Volume Engineering modifications Number of customers Market price Product A $15 per unit 0.5 DLH ...
1 answer
Question 7 0.13 pts Suppose that the exchange rate (yen/$) between Japan and the U.S. goes...
Question 7 0.13 pts Suppose that the exchange rate (yen/$) between Japan and the U.S. goes from 112 to 106. Question: It now becomes more expensive for Japanese firms to import lobsters from Maine. True O False...
1 answer
What is the price of a 4​-year, 7.8% coupon​ rate, $1,000 face value bond that pays...
What is the price of a 4​-year, 7.8% coupon​ rate, $1,000 face value bond that pays interest annually if the yield to maturity on similar bonds is 6.7%​?...
1 answer
(TCOs 3, 4, and 5) C.J. gains comfort through eating and drinking. She also cries to...
(TCOs 3, 4, and 5) C.J. gains comfort through eating and drinking. She also cries to gain attention from her parents or to express discomfort. Freud would say that C.J. is in which stage of development? Symbiotic Dependent Anal Oral (TCOs 3, 4, and 5) Callie, age 11 months, went to the circus with h...
1 answer
2. Using the model kits, make molecular models of the compounds listed below and completes the...
2. Using the model kits, make molecular models of the compounds listed below and completes the table. (40 marks) Molecular Lewis # of bond # of lone Electron Molecular Bond 3D structural formula structure pairs pairs geometry geometry angle(s) formula (8 marks) (4 marks) (4 marks) (4 marks) (4 marks...
1 answer
10 DN A and RNA: Structure and Function Name Lab section may collect These end-ofesercise questions...
10 DN A and RNA: Structure and Function Name Lab section may collect These end-ofesercise questions so, pleare Aill in your name and kob secin End-of-Exercise Questions Directions: Use the complete codon dictionary (table 10.2) to answer these questions 1. Use the base equence for mRNA to complete t...
1 answer
Question 1: Micha Clothing completed the following transactions during 2018 and 2019: 2018: Dec. 31: Estimated...
Question 1: Micha Clothing completed the following transactions during 2018 and 2019: 2018: Dec. 31: Estimated that bad debt expense for the year was 3% of the credit sales of $ 750 000 and recorded the amount as expense December 31: Made the long entry of the bad debt expense . . 2019: Feb. 15 : So...
1 answer
:s Question Help The test statistic of z = 0.60 is obtained when testing the claim...
:s Question Help The test statistic of z = 0.60 is obtained when testing the claim that p>0.4. a. Identify the hypothesis test as being two-tailed, left-tailed, or right-tailed. b. Find the P-value. c. Using a significance level of a= 0.01, should we reject He or should we fail to reject Ho? Clic...
1 answer
.2 points 1 Previous Answers CJ10 18.P.007 Water has a mass per mole of 18.0 g/mol,...
.2 points 1 Previous Answers CJ10 18.P.007 Water has a mass per mole of 18.0 g/mol, and each water molecule (H20) has 10 electrons (a) How many electrons are there in 5 liters of water? (A liter is 1.00 x 10-3 m3 1.6731 102 X Your answer cannot be understood or graded. More Information electrons (b)...
1 answer
BSE 2211 Microeconomics Exam 2 3. Answer the following short answer questions a) What is Income...
BSE 2211 Microeconomics Exam 2 3. Answer the following short answer questions a) What is Income Elasticity of Demand? b) How is Income Elasticity of Demand related to the concept of normal and inferior goods? c) What is Cross-Elasticity of Demand? d) How is Cross-Elasticity of Demand related to the ...
1 answer
Which do you feel is the best type an HMO or a PPO and why?
Which do you feel is the best type an HMO or a PPO and why?...
1 answer
= 38.75 and the margin of 5. What's the confidence interval for a situation where the...
= 38.75 and the margin of 5. What's the confidence interval for a situation where the estimate of the mean error is 2.36? O A. [34.03,43.47] O B. (36.78.41.50) O C. [36.39.41.11) O D. [37.57,39.93)...
1 answer
8.) (minimum along lines does not mean minimum) Define f: R2 and, if (a, y)0, R by f(0,0) (a) Pro...
8.) (minimum along lines does not mean minimum) Define f: R2 and, if (a, y)0, R by f(0,0) (a) Prove that f is continuous at (0,0). Hint: show that 4r4y2 < (z4 + y2)2. (b) Let & be an arbitrary line through the origin. Prove that the restriction of f [0, π) and t E R. (c) Show that f does n...
1 answer
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $505,000 of fixed ...
1 answer
Dy If a ER-1} and b ER({1}, the solution of x- dx + a -y= 1-b...
dy If a ER-1} and b ER({1}, the solution of x- dx + a -y= 1-b a +1 -xy' is 1-b Select one: O a. y 1-6 = x+C+xa O b.y = x+C+x2-1 ocyl-6 =C+x-a od y1-b = x+cx-a oe.yB-1 = x+c+xQ O f. y = x+C+x-2 o g. 71-b = x+C O h. y = x+c+x-a...
1 answer
During an orientation event at a large university, incoming students are advised about the cost of...
During an orientation event at a large university, incoming students are advised about the cost of textbooks for a typical study period. A sample of 100 students currently enrolled at this university indicates a sample mean cost of $315.40. A population standard deviation is known to be $43.20. (a) ...
1 answer
QS 11-12 Dividend allocation between classes of shareholders LO C2 Stockholders' equity of Ernst Company consists...
QS 11-12 Dividend allocation between classes of shareholders LO C2 Stockholders' equity of Ernst Company consists of 82,000 shares of $5 par value, 10% cumulative preferred stock and 290,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's ...
1 answer
Three children are riding on the edge of a merry-go-round that has a mass of 105...
Three children are riding on the edge of a merry-go-round that has a mass of 105 kg and a radius of 1.70 m. The merry-go-round is spinning at 18.0 rpm. The children have masses of 22.0, 28.0, and 33.0 kg. If the 28.0 kg child moves to the center of the merry-go-round, what is the new angular velocit...