Draw her demand curve and calculate her buyer surplus

Assignment Help Business Economics

Reference no: EM13732457

Wong subscribes to the 6M plan and uses 150 hours a month. Suppose that Wong's demand curve is a straight line such that if the price of access were HK$20 per hour or higher, she would buy nothing. Draw her demand curve, and calculate her buyer surplus

Reference no: EM13732457

Questions Cloud

Describe how your inn would create value : Describe how your inn would create value. and Value is often defined as the benefits in excess of the costs. What we think of as a good value really means we think the benefits we receive from a purchase out-weigh the price of our purchase

Identify and discuss two reinburstment methods : Identify and discuss two reinburstment methods that the organization may utilize, and explain what risks those methods may or may not bring to the organization.

Discuss the pros and cons of france and germany : Discuss the pros and cons of France and Germany as compared to other EU countries. What is your final recommendation? Why

The example of global organization with multination presence : Adaption of foreign culture is the key factor to expand the international brand. The example of global organization with multination presence can be a PA Pittsburg company H.J. Heinz.

Draw her demand curve and calculate her buyer surplus : Wong subscribes to the 6M plan and uses 150 hours a month. Suppose that Wong's demand curve is a straight line such that if the price of access were HK$20 per hour or higher, she would buy nothing. Draw her demand curve, and calculate her buyer surpl..

Determine whether or not the price change : Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.

Delivering competent consulting advice : According to Block, every consulting project, regardless of size, must go through five phases. Why is that so important?

Brief description of the ad and who is the target market : brief description of the ad and Who is the target market, Are they selling or marketing (orboth)? (How do you know/what evidence do you have

Discuss the military campaigns and battles of zachery taylor : Discuss the military campaigns and battles of Zachery Taylor in the Mexican war. How would you rate him as a commander? What impact did the war have on Taylors career?

User Account

All Pages