Multiple Choice
Noah drinks Dr. Pepper. He can buy as many cans of Dr. Pepper as he wishes at a price of $0.50 per can. On a particular day, he is willing to pay $0.95 for the first can, $0.80 for the second can, $0.60 for the third can, and $0.40 for the fourth can. Assume Noah is rational in deciding how many cans to buy. His consumer surplus is
A) $0.50.
B) $0.85.
C) $1.05.
D) $1.20.
Correct Answer:

Verified
Correct Answer:
Verified
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