Eliana and Olivia are at Barnes and Noble buying new calculators for the semester. Eliana is willing to pay (or her marginal benefit is) $65, and Olivia is willing to pay (or her marginal benefit is) $75 for a graphing calculator. The price of a calculator at Barnes and Noble is $55. How much is Eliana's individual consumer surplus?
A) $10
B) $25
C) $35
D) $75
Correct Answer:
Verified
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