Solved

Table: Demand and Utility Schedules for Packs of Scented Candles

Question 23

Multiple Choice

Table: Demand and Utility Schedules for packs of scented candles  Price  Quantity Demanded  Marginal Utility  Total Utility $81$72$63$54$45\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 8 & 1 & & \\\hline \$ 7 & 2 & & \\\hline \$ 6 & 3 & & \\\hline \$ 5 & 4 & & \\\hline \$ 4 & 5 & & \\\hline\end{array}
-If the price were $5 each,her consumer surplus would be


A) $31.
B) $20.
C) $18.
D) $7.
E) $6.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions