The answer is C. $1800.

Here's the step-by-step explanation:

Consumer surplus is the difference between what a consumer is willing to pay for a good or service and what they actually pay.

In this case, Amy's consumer surplus is $300, and she actually paid $1500 for the dog.

So, to find out how much she was willing to pay, you add the price she paid ($1500) to the consumer surplus ($300).

$1500 + $300 = $1800.

So, Amy was willing to pay $1800 for the dog.

Question

The answer is C. $1800.

Here's the step-by-step explanation:

Consumer surplus is the difference between what a consumer is willing to pay for a good or service and what they actually pay.

In this case, Amy's consumer surplus is $300, and she actually paid $1500 for the dog.

So, to find out how much she was willing to pay, you add the price she paid ($1500) to the consumer surplus ($300).

$1500 + $300 = $1800.

So, Amy was willing to pay $1800 for the dog.

Knowee AI · Accepted Answer

The answer is C. $1800.

Here's the step-by-step explanation:

Consumer surplus is the difference between what a consumer is willing to pay for a good or service and what they actually pay.

In this case, Amy's consumer surplus is $300, and she actually paid $1500 for the dog.

So, to find out how much she was willing to pay, you add the price she paid ($1500) to the consumer surplus ($300).

$1500 + $300 = $1800.

So, Amy was willing to pay $1800 for the dog.

Amy buys a new dog for $1500. She receives consumer surplus of $300 on her purchase. Her willingness to pay is: A. $300 B. $1500 C. $1800 D. $1200