The table below shows the marginal benefit that Dan derives by consuming different quantities of tacos and soda .The price of a taco is $3 and the price of soda is $1.Quantity sodasTacos Marginal benefits ($)Marginal benefits($) 11018 2812 366 443 521 610.6 Refer to the table above.If Dan consumes 3 tacos and 0 sodas -not necessary his optical choice- how much consumer surplus is he enjoying?a) $ 24b) $ 27c) $ 9d) $6

Price of a Taco (Pt) = $3 Price of Soda (Ps)= $1 Dan Marginal Benefit= 3 Taco and 0 Soda

Answered: If Dan consumes 3 tacos and 0 sodas…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The table below shows the marginal benefit that Dan derives by consuming different quantities of tacos and soda .The price of a taco is $3 and the price of soda is $1.

Quantity	sodas	Tacos
	Marginal benefits ($)	Marginal benefits($)
1	10	18
2	8	12
3	6	6
4	4	3
5	2	1
6	1	0.6

Refer to the table above.If Dan consumes 3 tacos and 0 sodas -not necessary his optical choice- how much consumer surplus is he enjoying?

a) $ 24

b) $ 27

c) $ 9

d) $6

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