Exhibit 6-11 At point b in Exhibit 6-11, total utility is valued at
A)$30, consumer expenditure is $20, and consumer surplus is $10
B)$26, consumer expenditure is $20, and consumer surplus is $6
C)$20, consumer expenditure is $20, and consumer surplus is $0
D)$30, consumer expenditure is $4, and consumer surplus is $26
E)$20, consumer expenditure is $4, and consumer surplus is $16

Question

Exhibit 6-11  At point b in Exhibit 6-11, total utility is valued at
A)$30, consumer expenditure is $20, and consumer surplus is $10 
B)$26, consumer expenditure is $20, and consumer surplus is $6 
C)$20, consumer expenditure is $20, and consumer surplus is $0 
D)$30, consumer expenditure is $4, and consumer surplus is $26 
E)$20, consumer expenditure is $4, and consumer surplus is $16

Quizplus · Accepted Answer

The Answer of Exhibit 6-11  At point b in Exhibit 6-11, total utility is valued at
A)$30, consumer expenditure is $20, and consumer surplus is $10 
B)$26, consumer expenditure is $20, and consumer surplus is $6 
C)$20, consumer expenditure is $20, and consumer surplus is $0 
D)$30, consumer expenditure is $4, and consumer surplus is $26 
E)$20, consumer expenditure is $4, and consumer surplus is $16

Exhibit 6-11 at Point B in Exhibit 6-11, Total