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Business, 25.11.2019 20:31 Angel1107

By selling a laptop at $1,000 for which consumers are willing to pay up to $1,200, a consumer electronics firm makes a profit of $400 per unit. in this scenario, the amount $600, that is ($1200 - $1000) + $400, is
a. opportunity cost.
b. economic value created.
c. reservation price.
d. consumer surplus.

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By selling a laptop at $1,000 for which consumers are willing to pay up to $1,200, a consumer electr...

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