Dave's Consumer Surplus on Movie Rentals per Week
(yes,we know no one rents movies anymore,but it makes a good example!)
TABLE 6-2
-Refer to Table 6-2.Assuming Dave maximizes his utility when the price is $5,his consumer surplus (in dollars)on each movie rental in order from 1 through 7 is as follows:
A)10.00,18.00,24.50,30.00,35.00,39.50,43.75.
B)5.00,3.00,1.50,0.50,0,0,0.
C)10.00,8.00,6.50,5.50,5.00,4.50,4.25.
D)5.00 on all units.
E)0 on all units.

Question

Dave's Consumer Surplus on Movie Rentals per Week
(yes,we know no one rents movies anymore,but it makes a good example!)
  TABLE 6-2
-Refer to Table 6-2.Assuming Dave maximizes his utility when the price is $5,his consumer surplus (in dollars)on each movie rental in order from 1 through 7 is as follows:
A)10.00,18.00,24.50,30.00,35.00,39.50,43.75. 
B)5.00,3.00,1.50,0.50,0,0,0. 
C)10.00,8.00,6.50,5.50,5.00,4.50,4.25. 
D)5.00 on all units. 
E)0 on all units.

Quizplus · Accepted Answer

The Answer of Dave's Consumer Surplus on Movie Rentals per Week
(yes,we know no one rents movies anymore,but it makes a good example!)
  TABLE 6-2
-Refer to Table 6-2.Assuming Dave maximizes his utility when the price is $5,his consumer surplus (in dollars)on each movie rental in order from 1 through 7 is as follows:
A)10.00,18.00,24.50,30.00,35.00,39.50,43.75. 
B)5.00,3.00,1.50,0.50,0,0,0. 
C)10.00,8.00,6.50,5.50,5.00,4.50,4.25. 
D)5.00 on all units. 
E)0 on all units.

Dave's Consumer Surplus on Movie Rentals Per Week