Charlene is willing to pay $5.00 for a sandwich. If Charlene must pay ________ for a sandwich, she ________.
A) $4.00; does not receive consumer surplus
B) $4.00; receives consumer surplus
C) $6.00; receives consumer surplus
D) $6.00; receives a marginal cost

Question

Quizplus · Accepted Answer

Charlene is willing to pay $5.00, so if she pays $4.00, she receives consumer surplus, which is the difference between what she is willing to pay and what she actually pays.

Charlene Is Willing to Pay $5