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Table: Maximum Willingness to Pay

Question 154

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Table: Maximum Willingness to Pay
Table: Maximum Willingness to Pay The table shows four individuals' maximum willingness to pay for one pound of bananas. If the market price of bananas is $0.50/lb, what is the total consumer surplus in the market? A) $4.00 B) $2.50 C) $2.75 D) $4.25 The table shows four individuals' maximum willingness to pay for one pound of bananas. If the market price of bananas is $0.50/lb, what is the total consumer surplus in the market?


A) $4.00
B) $2.50
C) $2.75
D) $4.25

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