Amarket has four individuals, each considering buying a grill for his backyard. further assume that grills come in only one size and model. abe considers himself a grill-master, and finds a grill a necessity, so he is willing to pay $400 for a grill. butch is a meat-lover, honing his grilling skills, and is willing to pay $350 for a grill. collin just met the girl of his dreams, and she loves a good grilled steak, so in his effort to impress her he is willing to pay $320 for a grill. daniel loves grilled shrimp and thinks it might be cheaper in the long run if he buys a grill instead of eating out every time he wants grilled shrimp, so he is willing to pay $200 for a grill. if the market price of grills is $300, given the scenario described, the total consumer surplus would be: none of these is true. $1, 070. $170. $200.

$170

Explanation:

Consumer surplus is the difference in the amount a consumer is willing to pay for a product and the actual cost of the product.

Here, Abe is willing to pay $400, while the grill actually cost $300. Consumer surplus is $100.

Butch is willing to pay $350, while the grill actually cost $300. Consumer surplus is $50.

Collins is willing to pay $320, while the grill actually cost $300. Consumer surplus is $20. And Daniel is willing to pay $200, while the grill actually cost $300. Consumer surplus is $0. Total is $100+$50+$20= $170

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%