Willingness to pay a.measures the value that a buyer places on a good. b.is the

Question

Willingness to pay a.measures the value that a buyer places on a good. b.is the amount a seller actually receives for a good minusthe minimum amount the seller is willing to accept. c. is the maximum amount a buyer is willing to pay minus theminimum amount a seller is willing to accept. d.is the amount a buyer is willing to pay for a good minus theamount the buyer actually pays for it. Willingness to pay a.measures the value that a buyer places on a good. b.is the amount a seller actually receives for a good minusthe minimum amount the seller is willing to accept. c. is the maximum amount a buyer is willing to pay minus theminimum amount a seller is willing to accept. d.is the amount a buyer is willing to pay for a good minus theamount the buyer actually pays for it.

Explanation / Answer

Willingness to pay (WTP) generally refers tothe value of a good to a person as what they are willing topay
a.measures the value that a buyer places on a good

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.