Jane Is Willing to Pay $4 for the First Cup

question 285

Multiple Choice

Jane is willing to pay $4 for the first cup of coffee a day, $2.50 for the second cup, and $1 for the third cup, after which she won't buy any coffee. The price of a cup of coffee is $2.40. Jane's consumer surplus from the coffee she buys is ________ per day.

• A) $1.60
• B) $1.70
• C) $4.80
• D) $6.50

---

Definitions:

Marginally Ethical

Actions or decisions that are just barely within the bounds of accepted moral or ethical standards.

Ambiguous Negotiating

Involves discussions or bargaining processes where terms, conditions, or outcomes are not clearly defined or are open to interpretation.

Ethical Tactics

Strategies that adhere to moral principles and upright standards of conduct.

Self-Serving Process

An action or series of actions carried out for one's own benefit, often disregarding others.