Use the Following to Answer Questions: Table: Sweetbrand Cheesecakes -(Table: Sweetbrand Cheesecakes) the Table Shows the Maximum Consumer Willingness

question 168

Multiple Choice

Use the following to answer questions: Table: Sweetbrand Cheesecakes $$\begin{array} { l c } \hline \text { Consumer } & \begin{array} { c } \text { Maximum willingness to pay } \\\text { for Sweetbrand cheesecakes }\end{array} \\\hline \text { Frodo } & \$ 11.65 \\\text { Sam } & 17.99 \\\text { Mary } & 12.99 \\\text { Pippin } & 16.75 \\\hline\end{array}$$
-(Table: Sweetbrand Cheesecakes) The table shows the maximum consumer willingness to pay for Sweetbrand cheesecakes. Which of the four consumers receives the smallest consumer surplus, if the market price of the cheesecakes is $12.50 each?

• A) Frodo
• B) Sam
• C) Mary
• D) Pippin

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