(Table: Sweetbrand) The table shows the maximum consumerwillingness to pay for "Sweetbrand" cheesecakes. Which of thefour consumers receives the smallest consumer surplus, if themarket price of the cheesecakes is $12.50 each?
Definitions:
Occupational Safety
The discipline focused on ensuring safe and healthy working conditions for employees by enforcing standards and providing training to reduce workplace accidents and illnesses.
Hazardous Chemical
A chemical substance that poses a potential risk to health, safety, or the environment.
Willingness To Pay
The highest price a person is willing to pay for a product or service, indicative of its perceived worth to them.
Public Park
An area of natural, semi-natural, or planted space set aside for human enjoyment and recreation or for the protection of wildlife or natural habitats.
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