The table below shows the total value (in dollars) that Andrew gets from playing 9- hole rounds of golf. $$\begin{array}{l}
\begin{array} { | l | l | }
\hline \begin{array} { l }
\text { Rounds of } \
\text { Golf per } \
\text { Month }
\end{array} & \begin{array} { l }
\text { Total Value } \
( \$ )
\end{array} \
\hline 0 & 0 \
\hline 1 & 40 \
\hline 2 & 70 \
\hline 3 & 92 \
\hline 4 & 108 \
\hline 5 & 120 \
\hline 6 & 130 \
\hline 7 & 130 \
\hline
\end{array}\
\text { TABLE 6- } 3
\end{array}$$
-Refer to Table 6- 3. If the price of a 9- hole round of golf is $16, then Andrew's consumer surplus will be

Question

The table below shows the total value (in dollars) that Andrew gets from playing 9- hole rounds of golf. $$\begin{array}{l}
\begin{array} { | l | l | } 
\hline \begin{array} { l } 
\text { Rounds of } \
\text { Golf per } \
\text { Month }
\end{array} & \begin{array} { l } 
\text { Total Value } \
( \$ )
\end{array} \
\hline 0 & 0 \
\hline 1 & 40 \
\hline 2 & 70 \
\hline 3 & 92 \
\hline 4 & 108 \
\hline 5 & 120 \
\hline 6 & 130 \
\hline 7 & 130 \
\hline
\end{array}\
\text { TABLE 6- } 3
\end{array}$$
-Refer to Table 6- 3. If the price of a 9- hole round of golf is $16, then Andrew's consumer surplus will be

Quizplus · Accepted Answer

Consumer surplus is the total value Andrew gets from playing golf minus the total cost. The total value for 6 rounds is $130, and the cost is 6 rounds x $16 = $96. Thus, consumer surplus is $130 - $96 = $34.

The Table Below Shows the Total Value (In Dollars) That