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Juanita purchased a Polar Express train set from Lionel Trains. She paid $240 for the set and received consumer surplus of $125. What was Juanita's willingness to pay for the train set?

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  1. Today, 00:46
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    Juanita's willingness to pay for the train set is $365

    Explanation:

    given data

    paid = $240

    surplus = $125

    to find out

    Juanita's willingness to pay for the train set

    solution

    we get here Juanita's willingness to pay for the train set is express as

    pay for the train set = amount paid + consumer surplus amount ... 1

    put here value and we get

    pay for the train set = $240 + $125

    pay for the train set = $365
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Home » Business » Juanita purchased a Polar Express train set from Lionel Trains. She paid $240 for the set and received consumer surplus of $125. What was Juanita's willingness to pay for the train set?
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