Figure 4-3 Figure 4-3 shows Kendra's demand curve for ice cream cones.
-Refer to Figure 4-3. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1
B) 2
C) 3
D) 4

Question

Figure 4-3  Figure 4-3 shows Kendra's demand curve for ice cream cones.
-Refer to Figure 4-3. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1 
B) 2 
C) 3 
D) 4

Quizplus · Accepted Answer

The maximum number of ice cream cones Kendra will buy at a market price of $2.50 is 3, as this is the quantity where her marginal benefit equals the price.

Figure 4-3 Figure 4-3 Shows Kendra's Demand Curve for Ice