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Jerry Consumes Three Hamburgers at McDonald's

Question 122

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.

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