Fitness is a magazine for women about health and exercise. Fitness offers year subscriptions for $12 on their website. Jess, Ania, Mandy, and Chloe exercise together and each enjoy reading Fitness. Jess is willing to pay $10, Ania is willing to pay $16, Mandy is willing to pay $24, and Chloe is willing to pay $12 for a subscription to the magazine. What is the value of Ania's consumer surplus?

Question

Quizplus · Accepted Answer

Ania's consumer surplus is the difference between what she is willing to pay ($16) and what she actually pays ($12), which is $4.

Fitness Is a Magazine for Women About Health and Exercise