Janine would be willing to pay $50 to see Les Misérables,but she buys a ticket for only $30.Janine values the performance at
A)$20.
B)$30.
C)$50.
D)$80.

Name: Janine would be willing to pay $50 to see Les Misérables,but she buys a ticket for only $30.Janine values the performance at A)$20. B)$30. C)$50. D)$80.
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Question

Quizplus · Accepted Answer

Janine values the performance at $50, but pays only $30, which means she is getting a surplus benefit of $20. Therefore, the value she places on the performance is $50.

Janine Would Be Willing to Pay $50 to See Les