Megan Loves Donuts AUse This Information to Construct Megan's Demand Curve for Donuts

question 134

Essay

Megan loves donuts.The table shown reflects the value Megan places on each donut she eats:
$\begin{array}{|l|l|}\hline \text { Value of first doughnut } & \$ 0.60 \\\hline \text { Value of second doughnut } & \$ 0.50 \\\hline \text { Value of third doughnut } & \$ 0.40 \\\hline \text { Value of fouth doughnut } & \$ 0.30 \\\hline \text { Value of fifth doughnut } & \$ 0.20 \\\hline \text { Value of sixth doughnut } & \$ 0.10 \\\hline\end{array}$
a.Use this information to construct Megan's demand curve for donuts.
b.If the price of doughnuts is $0.20, how many donuts will Megan buy?
c.Show Megan's consumer surplus on your graph.How much consumer surplus would she have at a price of $0.20?
d.If the price of doughnuts rose to $0.40, how many donuts would she purchase now? What would happen to Megan's consumer surplus? Show this change on your graph.

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Definitions:

Feminist Critique

An analysis or examination of cultural, political, and social constructs from a feminist perspective, aiming to expose and challenge gender inequalities and biases.

Cultural Assumptions

The shared beliefs and values that are implicit within a particular society or cultural group.

Masculinist

Relating to or supporting the advocacy of the rights or needs of men and the adherence to or promotion of opinions, values, etc., traditionally associated with men.

Ethical Egoism

The ethical theory that suggests individuals should act in their own self-interest and that this can lead to optimal outcomes for society.