Phil and Lasca Have Always Wanted to Take a Cruise

Multiple Choice

Phil and Lasca have always wanted to take a cruise. Although willing to pay $5,000 for a Caribbean cruise for two, they bought two tickets for the cruise vacation for $3,500. Their total consumer surplus amounted to _____.

A) $750
B) $5,000
C) $1,500
D) $3,500
E) $500