Calculating the total consumer surplus


Suppose the price of a hotel room in San Diego averages $200 per night. At that price suppose 30,000 people stay in hotel rooms on an average night in San Diego. If the average level of consumer surplus for each hotel guest equals $24, what is the total consumer surplus per night?

a. $720,000

b. $528,000

c. $600,000

d. $480,000

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Macroeconomics: Calculating the total consumer surplus
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