Assume that Jane cleans Joe's house weekly for $80. Joe would be willing to pay as much as $100 weekly to have his house cleaned. Jane's opportunity cost is $70.
-According to the information provided, if Jane cleans Joe's house, the consumer surplus is:

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what Joe is willing to pay ($100) and what he actually pays ($80), which is $20.

Assume That Jane Cleans Joe's House Weekly for $80