Table 12-1 -Refer to Table 12-1. Assume That the Price of a Price

question 299

Multiple Choice

Table 12-1
-Refer to Table 12-1. Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing. How much consumer surplus accrues to Anna and Clem individually?

• A)$125 and $20 respectively
• B)$105 and $30 respectively
• C)$85 and $40 respectively
• D)$65 and $50 respectively

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Definitions:

Bonds Payable

Long-term liabilities representing amounts owed by a company from issuing bonds, which are required to be repaid at a future date.