Abraham Drinks Mountain Dew

question 42

Multiple Choice

Abraham drinks Mountain Dew.He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can.On a particular day,he is willing to pay $0.95 for the first can,$0.80 for the second can,$0.60 for the third can,and $0.40 for the fourth can.Assume Abraham is rational in deciding how many cans to buy.His consumer surplus is

• A)$0.50.
• B)$0.60.
• C)$0.70.
• D)$1.00.

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Definitions:

Virginity Pledges

Commitments made by individuals, often teenagers, to abstain from sexual intercourse until marriage, typically influenced by religious or moral beliefs.

Teen Pregnancy

involves females under the age of 20 becoming pregnant, which can present social, economic, and health challenges.

Birth Control

Methods, devices, or medications used to prevent pregnancy as a part of family planning, including contraceptives and sterilization procedures.

Legal Right

A defined entitlement protected by law that allows individuals to act in a certain way or requires others to act in relation to the holder.