tavist allergy pills sell for $25 a box. steve, brian, and toby are willing to pay $33, $27, and $19, respectively, for a box of tavist. what is the total consumer surplus for steve, brian, and toby?

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24-10-2022
Business

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tavist allergy pills sell for $25 a box. steve, brian, and toby are willing to pay $33, $27, and $19, respectively, for a box of tavist. what is the total consumer surplus for steve, brian, and toby?

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ANKITANAND ANKITANAND · Answer 1 · 2022-11-04T01:20:54-04:00

The total consumer surplus for steve, brian, and toby is $10.

What is consumer?
A consumer is a person or a group that is not directly involved in entrepreneurial or business activities and who intends to order as well as uses purchased goods, products, as well as services primarily for personal, social, family, or household needs. The phrase is most frequently used to describe someone who makes purchases for their own use. Any individual or group who makes final use of a good or service is referred to as a consumer. Here are a few instances: a client who spends money having their hair styled and cut by a hairstylist. a business that purchases a printer for business use.

To learn more about consumer
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