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Dave's Consumer Surplus on Movie Rentals Per Week

Question 107

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Dave's Consumer Surplus on Movie Rentals per Week
(yes,we know no one rents movies anymore,but it makes a good example!)
Dave's Consumer Surplus on Movie Rentals per Week (yes,we know no one rents movies anymore,but it makes a good example!)     TABLE 6-2 -Refer to Table 6-2.Assuming Dave maximizes his utility when the price is $5,his consumer surplus (in dollars) on each movie rental in order from 1 through 7 is as follows: A) 10.00,18.00,24.50,30.00,35.00,39.50,43.75. B) 5.00,3.00,1.50,0.50,0,0,0. C) 10.00,8.00,6.50,5.50,5.00,4.50,4.25. D) 5.00 on all units. E) 0 on all units. TABLE 6-2
-Refer to Table 6-2.Assuming Dave maximizes his utility when the price is $5,his consumer surplus (in dollars) on each movie rental in order from 1 through 7 is as follows:


A) 10.00,18.00,24.50,30.00,35.00,39.50,43.75.
B) 5.00,3.00,1.50,0.50,0,0,0.
C) 10.00,8.00,6.50,5.50,5.00,4.50,4.25.
D) 5.00 on all units.
E) 0 on all units.

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