Use the following to answer questions: Table: Willingness to Pay $$\begin{array} { l c c }
\hline { \text { Maximum Willingness to Pay for Good A and Good B } } \
\hline & \text { John } & \text { Mary } \
\hline \text { Good A } & \$ 90 & \$ 35 \
\text { Good B } & \$ 30 & \$ 70 \
\hline
\end{array}$$
-(Table: Willingness to Pay) Refer to the table. What is John's maximum willingness to pay for the bundled goods?

Question

Use the following to answer questions: Table: Willingness to Pay $$\begin{array} { l c c } 
\hline { \text { Maximum Willingness to Pay for Good A and Good B } } \
\hline & \text { John } & \text { Mary } \
\hline \text { Good A } & \$ 90 & \$ 35 \
\text { Good B } & \$ 30 & \$ 70 \
\hline
\end{array}$$
-(Table: Willingness to Pay) Refer to the table. What is John's maximum willingness to pay for the bundled goods?

Quizplus · Accepted Answer

John's maximum willingness to pay for the bundled goods is the sum of his willingness to pay for each good individually: $90 for Good A and $30 for Good B, totaling $120.

Use the Following to Answer Questions: Table: Willingness to Pay