Sebastian Drinks Mountain Dew

question 248

Multiple Choice

Sebastian drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.50 per can. On a particular day, he is willing to pay $0.95 for the first can, $0.80 for the second can, $0.60 for the third can, and $0.40 for the fourth can. Assume Sebastian is rational in deciding how many cans to buy. His consumer surplus is

• A) $0.50.
• B) $0.85.
• C) $1.05.
• D) $1.20.

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Definitions:

Managerial Disaster

A significantly adverse event resulting from poor management decisions, which can lead to financial loss, reputational damage, or operational dysfunction.

Environmental Disaster

A significant event caused by human activity or natural processes leading to severe negative impacts on the environment.

Technological Disaster

An event caused by a malfunction, failure, or misuse of technology, leading to significant harm to people, property, or the environment.

Breeder Reactor

A type of nuclear reactor that generates more fissile material than it consumes, using a specific fuel cycle to convert fertile materials into fissile fuels, thus extending the fuel supply for nuclear energy.