Elvis Values the First Gravy Sandwich at $5,the Second at $4.50,and

question 173

Multiple Choice

Elvis values the first gravy sandwich at $5,the second at $4.50,and the third at $4.If he buys three sandwiches for $4 each,his consumer surplus has a value of _____

• A)$4.50.
• B)$1.50.
• C)$13.50.
• D)$9.50.
• E)$12.00.

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Definitions:

Logarithms

The inverse operation to exponentiation, indicating the power to which a base must be raised to obtain a particular number.

Expand

To express a mathematical expression in an extended form by distributing or applying operations within the expression.

Logarithms

The exponent or power to which a base must be raised to produce a given number, typically used in solving exponential equations.

Condense

In mathematics, to simplify an expression or equation by combining like terms or using algebraic methods to make it more compact.