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Reference: Ref 3-1 (Table: Sweetbrand) the Table Shows the Maximum

Question 52

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Reference: Ref 3-1 (Table: Sweetbrand) The table shows the maximum consumer willingness to pay for Sweetbrand cheesecakes. Which of the four consumers receives the smallest consumer surplus, if the market price of the cheesecakes is $12.50 each? A) Frodo B) Sam C) Mary D) Pippin Reference: Ref 3-1 (Table: Sweetbrand) The table shows the maximum consumer willingness to pay for "Sweetbrand" cheesecakes. Which of the four consumers receives the smallest consumer surplus, if the market price of the cheesecakes is $12.50 each?


A) Frodo
B) Sam
C) Mary
D) Pippin

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