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.What is the maximum amount of consumer surplus that Marcus can get,if he has $14 budget to spend on these two goods?
A) $52
B) $40
C) $8
D) $14
Correct Answer:

Verified
Correct Answer:
Verified
Q112: Anne has chosen how many bagels and
Q113: In equilibrium,_.<br>A) the ratio of total benefits
Q114: Which of the following goods is likely
Q115: If the cross-price elasticity of demand for
Q116: Using the table below,solve for the bundle
Q118: The demand for a good is elastic.This
Q119: For any two indifference curves,the one on
Q120: The opportunity cost of a Red Sox
Q121: Assume that an individual spends her income
Q122: The following table shows the marginal benefit