Multiple Choice
Suppose that a consumer's total benefit is $4 for consuming one cup of ice cream and $7 for consuming two cups of ice cream. The consumer's willingness to pay for the second cup of ice cream is
A) $0.
B) $3.
C) $4.
D) $7.
E) $11.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q162: Which of the following statements is true
Q163: An individual buys more of a good
Q164: Utility is<br>A)the total amount of a good
Q165: The area between the demand curve and
Q166: The marginal benefit of a good increases
Q168: An indifference curve shows<br>A)various combinations of two
Q169: Suppose you are having a dinner party
Q170: A market demand curve<br>A)is based on consumer
Q171: What happens to consumer surplus if the
Q172: The diamond-water paradox<br>A)is the fact that people