This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: John has a marginal benefit of $7 for 1 slice of pizza, $5 for a second slice, $3 for a third slice, ... (Read 209 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: May 24, 2019
John has a marginal benefit of $7 for 1 slice of pizza, $5 for a second slice, $3 for a third slice, $1 for a fourth slice, and $0.50 for a fifth slice. The price of pizza is $1.50 per slice. Which of the following statements is correct?
◦ John will purchase 3 slices of pizza and have consumer surplus of $10.50.
◦ John will purchase 4 slices of pizza and have consumer surplus of $12.00.
◦ John will purchase 2 slices of pizza and have consumer surplus of $1.50.
◦ John will purchase 3 slices of pizza and have consumer surplus of $4.50.
◦ John will purchase 2 slices of pizza and have consumer surplus of $3.00.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by littleanan on May 24, 2019

zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly


littleanan

  • Hero Member
  • *****
  • Posts: 575
Reply #2 on: May 24, 2019
TY


zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

There are more bacteria in your mouth than there are people in the world.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, New York. Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, New York.
John Gast, American Progress. John Gast, American Progress.
John Tackett in spring of 2003 at age 15 John Tackett in spring of 2003 at age 15
Washing off the feet John. Bible Washing off the feet John. Bible
Video: Types of Burns

For a complete list of videos, visit our video library