Table 4-4 -Refer to Table 4-4. the Table Above Lists the Highest

question 401

Multiple Choice

Table 4-4

-Refer to Table 4-4. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is $24 dollars,

• A) Curly will buy two bottles, Moe will buy one bottle and Larry will buy no bottles.
• B) Curly will receive $26 of consumer surplus from buying one bottle.
• C) Curly and Moe receive a total of $80 of consumer surplus from buying one bottle each. Larry will buy no bottles.
• D) Larry will receive $15 of consumer surplus since he will buy no bottles.

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Numerical quantities assigned to variables or outcomes in mathematical expressions, calculations, or measurements.

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Algebraic Expression

A sequence in math that features common numerals, symbols like x or y, and mathematical actions including plus, minus, times, and divided by.