### Break Down the Problem
1. Identify the maximum amount you are willing to pay.
2. Identify the ticket price found online.
3. Calculate the difference between your maximum price and the ticket price.

### Relevant Concepts
- Maximum Willingness to Pay: $500
- Ticket Price: $400
- Difference Calculation: Maximum Price - Ticket Price

### Analysis and Detail
1. Your maximum willingness to pay for a ticket is $500.
2. The ticket price you found is $400.
3. To find the difference, subtract the ticket price from the maximum amount:
$$
\text{Difference} = \text{Maximum Willingness to Pay} - \text{Ticket Price}
$$
Therefore,
$$
\text{Difference} = 500 - 400 = 100
$$

### Verify and Summarize
- Confirming the calculation, the difference of $100 is indeed the amount you are saving compared to your maximum willingness to pay.

### Final Answer
The difference is $100.

Question

### Break Down the Problem
1. Identify the maximum amount you are willing to pay.
2. Identify the ticket price found online.
3. Calculate the difference between your maximum price and the ticket price.

### Relevant Concepts
- Maximum Willingness to Pay: $500
- Ticket Price: $400
- Difference Calculation: Maximum Price - Ticket Price

### Analysis and Detail
1. Your maximum willingness to pay for a ticket is $500.
2. The ticket price you found is $400.
3. To find the difference, subtract the ticket price from the maximum amount:
   $$
   \text{Difference} = \text{Maximum Willingness to Pay} - \text{Ticket Price}
   $$
   Therefore,
   $$
   \text{Difference} = 500 - 400 = 100
   $$

### Verify and Summarize
- Confirming the calculation, the difference of $100 is indeed the amount you are saving compared to your maximum willingness to pay.

### Final Answer
The difference is $100.

Knowee AI · Accepted Answer

### Break Down the Problem
1. Identify the maximum amount you are willing to pay.
2. Identify the ticket price found online.
3. Calculate the difference between your maximum price and the ticket price.

### Relevant Concepts
- Maximum Willingness to Pay: $500
- Ticket Price: $400
- Difference Calculation: Maximum Price - Ticket Price

### Analysis and Detail
1. Your maximum willingness to pay for a ticket is $500.
2. The ticket price you found is $400.
3. To find the difference, subtract the ticket price from the maximum amount:
   $$
   \text{Difference} = \text{Maximum Willingness to Pay} - \text{Ticket Price}
   $$
   Therefore,
   $$
   \text{Difference} = 500 - 400 = 100
   $$

### Verify and Summarize
- Confirming the calculation, the difference of $100 is indeed the amount you are saving compared to your maximum willingness to pay.

### Final Answer
The difference is $100.

Suppose you are willing to pay up to $500 to fly to San Diego for Spring Break. You search online and find a ticket for $400. The difference of $100 is:

Question

Suppose you are willing to pay up to $500 to fly to San Diego for Spring Break. You search online and find a ticket for$ 400. The difference of $100 is:

Solution