Suppose That Your Demand Schedule for Jeans Is Shown in the Table

question 86

Essay

Suppose that your demand schedule for jeans is shown in the table below.
A) Your total utility from 5 pairs of jeans would be ____.
B) Your marginal utility for the fifth pair would be ____.
C) If the price of jeans were $10 a pair, your consumer surplus would be ____.

• A) Your total utility from 5 pairs of jeans would be ____.
• B) Your marginal utility for the fifth pair would be ____.
• C) If the price of jeans were $10 a pair, your consumer surplus would be ____.

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