Answer:
$300
Explanation:
Customer surplus may be explained as the additional benefit a customer earns over and above the amount paid. In other words, the amount paid is less than the amount customer is willing to pay for a certain product, hence. The additional benefit derived from paying less is the consumer surplus.
Therefore ;
Consumer surplus = Value - amount paid
From the question :
Consumer surplus = $150
Amount paid = $150
Hence,
Value = Consumer surplus + Amount paid
Value = $150 + $150
Value = $300
