What is consumer surplus associated with this transaction

Assignment Help Business Management

Reference no: EM133696466

Assignment:

Consider the concept of consumer surplus for an individual consumer. William is in the process of shopping for a new laptop computer and he is willing to pay up to $1,500 for a laptop that meets his specifications. After checking the prices and availability of various laptop models from various stores in the online marketplace, he is able to find and purchase a laptop that meets his requirements for $900. What is the consumer surplus associated with this transaction?

Reference no: EM133696466

Questions Cloud

How have the systems helped you in your job : Discuss any knowledge management or business intelligence system. How have the systems helped you in your job or how might they help if you had access to them?

Do you believe all contracts should be required : One of the reasons that the statute of frauds requires. Do you believe all contracts should be required to be in writing to be enforceable? Why, or why not?

Discuss the role of mis of ikea in business processes : Discuss the role of MIS of IKEA in business processes and decision - making for the selected organization.

What main points should you include about your event : What main points should you include about your event? How did your event start? What other details are needed to ensure a thorough description?

What is consumer surplus associated with this transaction : He is able to find and purchase a laptop that meets his requirements for $900. What is the consumer surplus associated with this transaction?

Which would be the best type of waiver to try to get : Harra contacted his local Laos consular section and was told they do not mind if he stays in United States. Which would be best type of waiver to try to get.

How you will maintain the relationship you identified : Choose one area and explain how you will maintain the relationship you identified with specific steps you will take to build the relationship.

Assess global human resource policies : Assess global human resource policies, practices, and functions in order to meet an organization's goals and objectives while maintaining the values.

How the agile concepts you would apply for the outcome : A description of how the agile concepts you would apply and would provide continuous improvement for the outcome or solution for this project or task.

User Account

All Pages