When Bob's Willingness to Pay for a Cup of Coffee

question 12

Multiple Choice

When Bob's willingness to pay for a cup of coffee is $1,and the price of a cup of coffee is $1:

• A) Bob is indifferent about purchasing the coffee.
• B) Bob will get no surplus by purchasing the coffee.
• C) Bob will get the same surplus whether he purchases the coffee or not.
• D) All of these are true.

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