Exhibit 6-11
-If the good in Exhibit 6-11 were free, then
A) total utility, consumer surplus, and consumer expenditure would be undefined
B) total utility and consumer surplus would be positive, but consumer expenditure would be undefined
C) total utility, consumer surplus, and consumer expenditure would all equal 0
D) total utility, consumer surplus, and consumer expenditure would all be maximized
E) total utility and consumer surplus would be valued at $36; consumer expenditure would be 0

Question

Exhibit 6-11 
-If the good in Exhibit 6-11 were free, then
A) total utility, consumer surplus, and consumer expenditure would be undefined 
B) total utility and consumer surplus would be positive, but consumer expenditure would be undefined 
C) total utility, consumer surplus, and consumer expenditure would all equal 0 
D) total utility, consumer surplus, and consumer expenditure would all be maximized 
E) total utility and consumer surplus would be valued at $36; consumer expenditure would be 0

Quizplus · Accepted Answer

The Answer of Exhibit 6-11 
-If the good in Exhibit 6-11 were free, then
A) total utility, consumer surplus, and consumer expenditure would be undefined 
B) total utility and consumer surplus would be positive, but consumer expenditure would be undefined 
C) total utility, consumer surplus, and consumer expenditure would all equal 0 
D) total utility, consumer surplus, and consumer expenditure would all be maximized 
E) total utility and consumer surplus would be valued at $36; consumer expenditure would be 0

Exhibit 6-11 -If the Good in Exhibit 6-11 Were Free, Then