If Darby values a soccer ball at $50, and she pays $40 for it, her consumer surplus is $10.

Name: If Darby values a soccer ball at $50, and she pays $40 for it, her consumer surplus is $10.
Brand: Quizplus
Rating: 5.0 (35 reviews)

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what a consumer is willing to pay for a good and what the consumer actually pays. In this case, Darby is willing to pay $50 but only pays $40, so her consumer surplus is $50 - $40 = $10.

If Darby Values a Soccer Ball at $50, and She