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:

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