Table-Demand and Utility Table for Action Figures -If the Price of Action Figures Was $12

question 12

Multiple Choice

Table-Demand and Utility Table for action figures $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 14 & 1 & & \\\hline \$ 12 & 2 & & \\\hline \$ 10 & 3 & & \\\hline \$ 8 & 4 & & \\\hline \$ 6 & 5 & & \\\hline\end{array}$$
-If the price of action figures was $12.00 each,his consumer surplus would be

• A)$2.
• B)$4.
• C)$12.
• D)$14.
• E)$26.

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Definitions:

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