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. Jane's consumer surplus from the coffee she buys is ________ per day.
A) $1.60
B) $1.70
C) $4.80
D) $6.50
Correct Answer:
Verified
Correct Answer:
Verified
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