Suppose That a Consumer's Total Benefit Is $4 for Consuming

question 167

Multiple Choice

Suppose that a consumer's total benefit is $4 for consuming one cup of ice cream and $7 for consuming two cups of ice cream. The consumer's willingness to pay for the second cup of ice cream is

• A)$0.
• B)$3.
• C)$4.
• D)$7.
• E)$11.

---

Definitions:

Suprachiasmatic Nucleus

A tiny region in the brain's hypothalamus responsible for controlling circadian rhythms, essentially acting as the body's internal clock.

Hypothalamus

A region of the brain that controls an array of bodily functions, including hunger, thirst, temperature regulation, and the release of many hormones.

Thalamus

A part of the brain that acts as a relay station, processing sensory and motor signals and regulating consciousness and sleep.

Waking Consciousness

A state of alertness and awareness to one's environment and self during the waking hours.