Demand and Utility Table for Milk Shakes -If the Price of Milk Shakes Was $3

question 109

Multiple Choice

Demand and Utility Table for Milk Shakes $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 4 & 1 & & \\\hline \$ 3.50 & 2 & & \\\hline \$ 3.00 & 3 & & \\\hline \$ 2.50 & 4 & & \\\hline \$ 2.00 & 5 & & \\\hline\end{array}$$
-If the price of milk shakes was $3.00 each,your consumer surplus would be

• A)$10.50.
• B)$6.00.
• C)$3.50.
• D)$3.00.
• E)$1.50.

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