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    Exam 5: Efficiency and Equity
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    Nick Can Purchase Each Milkshake for $2
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Nick Can Purchase Each Milkshake for $2

Question 431

Question 431

Multiple Choice

Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1. What is the value of Nick's consumer surplus for the milkshakes he buys?


A) $2
B) $9
C) $3
D) $10

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