Suppose this table shows your demand schedule for tee shirts.(a)What is your total utility from three tee shirts? (b)What is your marginal utility from the third tee shirt? (c)If price were $2,how much would your consumer surplus be?
$$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 6 & 1 & & \
\hline \$ 5 & 2 & & \
\hline \$ 4 & 3 & & \
\hline \$ 3 & 4 & & \
\hline \$ 2 & 5 & & \
\hline \$ 1 & 6 & & \
\hline
\end{array}$$

Question

Suppose this table shows your demand schedule for tee shirts.(a)What is your total utility from three tee shirts? (b)What is your marginal utility from the third tee shirt? (c)If price were $2,how much would your consumer surplus be?
$$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 6 & 1 & & \
\hline \$ 5 & 2 & & \
\hline \$ 4 & 3 & & \
\hline \$ 3 & 4 & & \
\hline \$ 2 & 5 & & \
\hline \$ 1 & 6 & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Suppose this table shows your demand schedule for tee shirts.(a)What is your total utility from three tee shirts? (b)What is your marginal utility from the third tee shirt? (c)If price were $2,how much would your consumer surplus be?
$$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 6 & 1 & & \
\hline \$ 5 & 2 & & \
\hline \$ 4 & 3 & & \
\hline \$ 3 & 4 & & \
\hline \$ 2 & 5 & & \
\hline \$ 1 & 6 & & \
\hline
\end{array}$$

Suppose This Table Shows Your Demand Schedule for Tee Shirts