Multiple Choice
Suppose that Irina is prepared to pay a maximum of $2.40 for her first glass of cranberry juice,but for each subsequent glass she is only prepared to pay 20 cents less than the previous one.
-What is the correct formula for MCS (marginal consumer surplus) ?
A) $MU-price.
B) Price-$MU.
C) $TU-price.
D) TU/price.
E) TU/ quantity.
Correct Answer:

Verified
Correct Answer:
Verified
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