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    Exam 5: Efficiency and Equity
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    Jane Is Willing to Pay $4 for the First Cup
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Jane Is Willing to Pay $4 for the First Cup

Question 163

Question 163

Multiple Choice

Jane is willing to pay $4 for the first cup of coffee a day, $2.50 for the second cup, and $1 for the third cup, after which she won't buy any coffee. The price of a cup of coffee is $2.40. How many cups of coffee per day will Jane buy?


A) 1
B) 2
C) 3
D) None

Correct Answer:

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