Multiple Choice
The following table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.
-Refer to the table above.If Marcus consumes 3 hotdogs and 0 sodas -not necessarily his optimal choice- how much consumer surplus is he enjoying?
A) $27
B) $9
C) $6
D) $24
Correct Answer:

Verified
Correct Answer:
Verified
Q127: Define the following terms:<br>a)The price elasticity of
Q128: Madeline spends exactly $10 on coffee each
Q129: A consumer has $100 that she can
Q130: When a consumer spends a larger share
Q131: The _ measures the change in the
Q133: From a firm's point of view,when the
Q134: A budget constraint is a straight line
Q135: Differentiate between the income effect and the
Q136: A perfectly elastic demand curve _.<br>A) is
Q137: Suppose the demand for Big Macs at