Daria values a stainless steel dishwasher for her new house at $800,but buys it for $550.What is Daria's willingness to pay

Question

Quizplus · Accepted Answer

Daria values the dishwasher at $800, which means if she had to pay $800 for it, she still would have considered it a good deal. Her willingness to pay is thus $800. She bought it for $550, so her consumer surplus (the difference between the value she places on the item and the price she pays) is $250. Therefore, the best choice letter is C, as it reflects the value that Daria places on the dishwasher, which is her willingness to pay.

Daria Values a Stainless Steel Dishwasher for Her New House