Frieda is at her local florist to buy a dozen roses.She is willing to pay $75 for the roses, and buys them for $75.Frieda's consumer surplus from the purchase is
A)$150.
B)$75.
C)$37.50.
D)$0.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what a consumer is willing to pay and what they actually pay. Since Frieda is willing to pay $75 and pays exactly $75, her consumer surplus is $0.

Frieda Is at Her Local Florist to Buy a Dozen