Examlex

Solved

A Consumer Is Willing to Pay a Maximum of $5

question 7

Multiple Choice

A consumer is willing to pay a maximum of $5 for the first pretzel,$4 for the second pretzel,$3 for the third pretzel,$2 for the fourth pretzel,$1 for the fifth pretzel and nothing for the sixth pretzel.If the price per unit of pretzel is $2,calculate the net benefit to the consumer.


Definitions:

Related Questions