Short Answer and Calculation Questions. Write your answer in the space provided or on a separate sheet of paper.
21) The table below shows the total value (in dollars) that Andrew gets from playing 9-hole rounds of golf.
Rounds of Total
MO
Golf per
Value
MU
Month
($)
0
0
1
42
2
73
3
93
4
108
5
120
6
130
7
130
TABLE 6-3
Refer to Table 6-3.
a). If the price of one round of golf is $14, then, how many rounds will Andrew play every
month.? (4 marks) Show your calculation steps.
He will pay 8 rounds cath every
month because he is getting more
benefit in playing 2 rounds each
month
b). If the price of one round of golf is $14, then, what is Andrew's total consumer surplus from
playing golf every month? what is Andrew's total cost of playing? (4 marks)
$CS = 13 - 88 = 55$
Total cost = 13 + 42 = 125$
CS =
