Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / A town wants to repair its swimming pool

A town wants to repair its swimming pool

Economics

A town wants to repair its swimming pool. The annual demand from each of its 5,000 citizens in terms of uses is q = 15 - 3p, where p is the price (in dollars) charged for using the pool. Suppose that the price of admission is $2. How much consumer surplus does this pricing strategy generate?

A. a consumer surplus of $15.5 per customer

B. a consumer surplus of $65 per customer

C. a consumer surplus of $13.5 per customer

D. a consumer surplus of $37 per customer

E. none of the above

Option 1

Low Cost Option
Download this past answer in few clicks

2.88 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE