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 CamScannerDate:
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 CamScannerDate:
| 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