Problem
1. There is a dollar sale on neckties. You buy 10. Estimate your consumer surplus if you would have been willing to pay $10 for the first tie, $9 for the second, $8 for the third, and so forth.
2. Kirsten pays $2 for a bottle of water. Explain how it's possible for her to be enjoying a consumer surplus.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.