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    Exam 5: Efficiency and Equity
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    Joe Is Willing to Pay $4 for His First Slice
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Joe Is Willing to Pay $4 for His First Slice

Question 412

Question 412

Multiple Choice

Joe is willing to pay $4 for his first slice of pizza and $3 for his second slice of pizza. If the price is $2, on his two slices of pizza Joe receives a total consumer surplus of


A) $4.
B) $3.
C) $2.
D) $1.

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