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    Managerial Economics
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    Exam 2: Demand,supply,and Market Equilibrium
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    Suppose an Individual Buyer Values a Pound of Butter at $10.If
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Suppose an Individual Buyer Values a Pound of Butter at $10.If

Question 46

Question 46

Multiple Choice

Suppose an individual buyer values a pound of butter at $10.If the market price of butter is $8,what is the consumer surplus for this buyer?


A) $0
B) $2
C) $3
D) $4
E) $5

Correct Answer:

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