Melissa buys a phone for $200 and has cs of $80. what is her willingness to pay?

The correct answer is: $280.

Explanation:

Consumer Surplus is an economic measure of consumer satisfaction which is calculated by analyzing the difference between what consumers are willing to pay for a good or service, relative to its market price. A consumer surplus occurs when a consumer is willing to pay more for a given product than the current market price.

In the example:

Consumer surplus = Consumer willingness to pay - Current market price

$80   = Consumer willingness to pay - $200

$280 = Consumer willingness to pay

Melissa is willing to pay $280 for the phone.

the answerr would be 1

a. primarily outdoors, responding to emergencies and protecting people.

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