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

question 127

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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?


Definitions:

Casual Sex

Sexual activity that occurs without the expectation of a committed relationship or emotional attachment.

STI

Sexually Transmitted Infection; an infection transmitted through sexual contact, caused by bacteria, viruses, or parasites.

Revenge Porn

The distribution of sexually explicit images or videos of individuals without their consent with the intent of causing distress or harm.

Sexted

The act of sending sexually explicit photographs, messages, or videos via mobile phone or other digital devices.

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