Demand and Utility Table for Milk Shakes $$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 4 & 1 & & \
\hline \$ 3.50 & 2 & & \
\hline \$ 3.00 & 3 & & \
\hline \$ 2.50 & 4 & & \
\hline \$ 2.00 & 5 & & \
\hline
\end{array}$$
-If the price of milk shakes was $3.00 each,your consumer surplus would be
A)$10.50.
B)$6.00.
C)$3.50.
D)$3.00.
E)$1.50.

Question

Demand and Utility Table for Milk Shakes $$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 4 & 1 & & \
\hline \$ 3.50 & 2 & & \
\hline \$ 3.00 & 3 & & \
\hline \$ 2.50 & 4 & & \
\hline \$ 2.00 & 5 & & \
\hline
\end{array}$$
-If the price of milk shakes was $3.00 each,your consumer surplus would be
A)$10.50.
B)$6.00.
C)$3.50.
D)$3.00.
E)$1.50.

Quizplus · Accepted Answer

The Answer of Demand and Utility Table for Milk Shakes $$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 4 & 1 & & \
\hline \$ 3.50 & 2 & & \
\hline \$ 3.00 & 3 & & \
\hline \$ 2.50 & 4 & & \
\hline \$ 2.00 & 5 & & \
\hline
\end{array}$$
-If the price of milk shakes was $3.00 each,your consumer surplus would be
A)$10.50.
B)$6.00.
C)$3.50.
D)$3.00.
E)$1.50.

Demand and Utility Table for Milk Shakes -If the Price of Milk Shakes Was $3