Scenario 12-2 Suppose Regina and Ben Receive Great Satisfaction from Their Consumption

question 127

Multiple Choice

Scenario 12-2
Suppose Regina and Ben receive great satisfaction from their consumption of cheesecake. Regina would be willing to purchase only one slice and would pay up to $13 for it. Ben would be willing to pay $17 for his first slice, $14 for his second slice, and $10 for his third slice. The current market price is $10 per slice.
-Refer to Scenario 12-2. How much total consumer surplus do Regina and Ben collectively receive from consuming cheesecake?

• A)$3
• B)$4
• C)$7
• D)$14

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Definitions:

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