Suppose that Anna goes to a coffee shop to get coffee. The maximum amount he is willing to pay for the first cup of coffee is $2.50, the second cup is $2.00, the third cup is $1.50; the fourth cup is $1.00, the fifth cup is $0.50, and the sixth cup is $0.00 The coffee shop charges a price of $2.00 per cup of coffee. If Anna is rational, she will purchase and gets consumer surplus of cups O 2; $0.50 O 6; $7.50 O 1; $0.50 O 3; $6.00

Suppose that Anna goes to a coffee shop to get coffee. The maximum amount he is willing to pay for the first cup of coffee is $2.50, the second cup is $2.00, the third cup is $1.50; the fourth cup is $1.00, the fifth cup is $0.50, and the sixth cup is $0.00 The coffee shop charges a price of $2.00 per cup of coffee. If Anna is rational, she will purchase and gets consumer surplus of cups O 2; $0.50 O 6; $7.50 O 1; $0.50 O 3; $6.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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