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Suppose That Irina Is Prepared to Pay a Maximum of $2.40

Question 11

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) Δ\Delta TU/price.
E) Δ\Delta TU/ Δ\Delta quantity.

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