Scenario 8-1
Claudia would be willing to pay as much as $100 per week to have her house cleaned.John's opportunity cost of cleaning Claudia's house is $70 per week.
-Refer to Scenario 8-1.If Claudia pays John $80 to clean her house,Claudia's consumer surplus is

Question

Quizplus · Accepted Answer

Claudia's consumer surplus is the difference between what she is willing to pay ($100) and what she actually pays ($80), which is $20.

Scenario 8-1 Claudia Would Be Willing to Pay as Much as $100