Price (dollars per pizza) $40 30 20 0 Figure 4.4.3 50 100 D Quantity of pizzas per week Refer to Figure 4.4.3 above. When the price of pizza is $30, total expenditure and consumer surplus are, respectively: A. $1500; $500. B. $1000; $1000. C. $1500; $250. D. $1000; $500.

Price (dollars per pizza) $40 30 20 0 Figure 4.4.3 50 100 D Quantity of pizzas per week Refer to Figure 4.4.3 above. When the price of pizza is $30, total expenditure and consumer surplus are, respectively: A. $1500; $500. B. $1000; $1000. C. $1500; $250. D. $1000; $500.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A
D
A
3
Price
(dollars
per pizza)
$406
30
20
0
Figure 4.4.3
50
P HE
Reset Selection
100
Refer to Figure 4.4.3 above. When the price of pizza is $30, total expenditure and consumer surplus are, respectively:
OA. $1500; $500.
4
OB. $1000; $1000.
OC. $1500; $250.
D. $1000; $500.
D
B
DI
Quantity of
pizzas per week
22:01
2020/11/24

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