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Date: | Amania Kamran = | 2ouooiy \ ENE Assignment 3 | Section A = sun Mon Tue Wed Thu Fri Sat ——1a) Gqsumption Level MWe Cumulative pW. 3 s 5 i 4 3 i ee mae A = 4 26 V2 jen S re I 8 NS? Be bs 18-8 20-3 “We individuals total willingness to yay iS the curulative MW Te at that level Ab level 4 +f censumPtion , the Cumulative MWTP is 3s. \7. by tec Vhan the pice,-He_w he consumer Would nét consume at level §. at the price of applen is $2-4, the consumer} 2 nil continu € te consume. as.leng.as his MWTP_| consume until level 82% --Congumption- But at | [level 5, he is only willing to pay 2-2, therefore, | | The conSumer would conSume @ ley. “Es Seer Scanned with CamScanner | CHa ScoSumPHion evel si . 5-00 2 400 7 326 4 260. 3S Ca Be a 1s Ze Date: won tos Marginal WTP John 640 §20 4:00_ 3-00 i _tBo ¢ oeaip ¢ gate} waa twnte s+6 uo lly 4 49202920, 3.20 447720) 2604326: - 220 +.21024 \+— Graimgton’ 7 “3. | snp tion —sons-rp—— Marginal cast —| — ~ as tevel = cath epg near if a LB sen U = i. 3.2 _ | 3 oo 2-6 pic ——. UP TE s | oH 2 “8 s jPoeene bP enees 6 7 ‘Ss q. or ~ Scanned with CamScanner Date: iS achieved Be sociaty effiient rate of ot Te easels atthe point Where the marginal 5 With the willingness to pay: rginal Cost ee | _ Qty of appler nn rs igure the Mw TP intersects With ae vsitingnes? Pay at point 9 O ovlpul- Tue, po ueput Since —o _|Mnere is No SoGalby “fuee rate |MCSmMB Scanned with CamScanner Date: | When mo a, Doz St, theathe es + tevel BF Do will be Bppm: _| is. wat cS Lowe. Reece eae ae 7 Ee ta Scanned with CamScanner

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