Abraham Drinks Mountain Dew

question 42

Multiple Choice

Abraham drinks Mountain Dew.He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 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 Abraham is rational in deciding how many cans to buy.His consumer surplus is

• A)$0.50.
• B)$0.60.
• C)$0.70.
• D)$1.00.

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Definitions:

Interpersonal Concordance

The level of agreement or harmony in attitudes, values, or interests among individuals within a group.

Universal Ethical Principle

Fundamental moral guidelines that are believed to be universally applicable to all individuals regardless of culture, time, or situation.

Oldest Approaches

The earliest methods or strategies adopted in dealing with issues or executing tasks within a particular field or discipline.

Aristotle

An ancient Greek philosopher and scientist, one of the greatest intellectual figures of Western history.