Scenario 12-1 Suppose Jeremy and Kelsey Receive Great Satisfaction from Their Consumption

question 109

Multiple Choice

Scenario 12-1
Suppose Jeremy and Kelsey receive great satisfaction from their consumption of turkey.Kelsey would be willing to purchase only one slice and would pay up to $5 for it.Jeremy would be willing to pay $8 for his first slice, $6 for his second slice, and $2 for his third slice.The current market price is $2 per slice.
-Refer to Scenario 12-1.How much consumer surplus does Kelsey receive from consuming her slice of turkey

• A)$3
• B)$6
• C)$9
• D)$12

---

Definitions:

Muscle

Tissue composed of fibers that contract to produce movement or maintain the position of parts of the body.

Syringes

Medical tools used to inject fluids into, or withdraw fluids from, the body.

Calibrated

Adjusted or marked with measurements for use in accurate determination of quantities or comparisons.

Insulin

A hormone that regulates the amount of sugar in the blood by facilitating its entry into the cells.