Use the Following to Answer Question 24 -(Table: Music Downloads)Two Consumers,Eli and Madison,like to Download Songs to Music

question 133

Multiple Choice

Use the following to answer question 24: $$\begin{array}{l}\text { Table: Music Downloads }\\\begin{array} { l c c } \hline \begin{array} { l } \text { Number } \\\text { of Music } \\\text { Downloads }\end{array} & \begin{array} { c } \text { Eli's } \\\text { Willingness } \\\text { to Pay }\end{array} & \begin{array} { c } \text { Madison's } \\\text { Willingness } \\\text { to Pay }\end{array} \\\hline \text { 1st song } & \$ 4.50 & \$ 3.00 \\\text { 2nd song } & 3.50 & 2.00 \\\text { 3rd song } & 2.50 & 1.00 \\\text { 4th song } & 1.50 & 0.50 \\\text { 5th song } & 0.50 & 0.25 \\\hline\end{array}\end{array}$$
-(Table: Music Downloads) Two consumers,Eli and Madison,like to download songs to their iPhones,and the table Music Downloads represents their willingness to pay for each downloaded song.If an individual song can be downloaded for $1.00,what is the total consumer surplus received by these consumers?

• A) $19.25
• B) $18.00
• C) $10.00
• D) $11.00

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Definitions:

Similarity

The state of being alike or sharing common features, which can influence attraction and group cohesion.

Complementarity

A principle in relationships and systems where different components or participants enhance or complete each other’s qualities or functions.

Reciprocity

A social norm or practice involving mutual exchange of favors or benefits, where actions by one party lead to a response from another.

Principles Of Attraction

Fundamental guidelines or factors that explain how and why individuals are drawn to others, including aspects such as similarity, proximity, and physical attractiveness.