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    Exam 5: Happiness, Utility, and Consumer Choice
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    If the Price of a Soda Is $0
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If the Price of a Soda Is $0

Question 89

Question 89

Multiple Choice

If the price of a soda is $0.50, and the marginal utility of the first soda consumed is valued at $2, then the consumer surplus of that first soda is


A) $0.50
B) $1.50
C) $2.00
D) $2.50
E) $4.00

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