Multiple Choice
Jerry consumes three hamburgers at McDonald's.He figures out that the last hamburger he ate was just worth the price he paid for it.If the price of a hamburger is $1,_____
A) he will have no consumer surplus.
B) he will have a consumer surplus if he eats one more hamburger.
C) he will have a consumer surplus on the first hamburger.
D) he will have a consumer surplus on the first two hamburgers.
E) he will not have a consumer surplus on the third hamburger.
Correct Answer:
Verified
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