The following data reveal how much each consumer is willing


The following data reveal how much each consumer is willing to pay for an Alaskan cruise: Amy $900 Ed $2,000 Bob $1,100 Gigi $1,300 Carol $1,500 Hugo $1,800 Eduardo $400 Isabelle $1,500 (a) Draw the market demand for these eight consumers on the accompanying graph. (b) If the cruise costs $1,000, how many passengers will there be? (c) If the cruise costs $1,000, how much total revenue will be collected? (d) If the cruise costs $1,000, how much consumer surplus will those passengers enjoy? (e) If the cruise ship could perfectly price discriminate, how much more revenue could it take in?

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Microeconomics: The following data reveal how much each consumer is willing
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