Suppose the total consumer surplus enjoyed by eight people from consuming one hamburger each was $9 + $8 + $7 + $7 + $7 + $6 + $6 + $5.If the price of hamburgers was $2 each,what was the total benefit enjoyed by these consumers?

Question

Quizplus · Accepted Answer

The total benefit enjoyed by the consumers is equal to the total consumer surplus plus the total revenue earned by the seller. 
The total revenue earned by the seller can be found by multiplying the price by the quantity, which is $2 x 8 = $16. 
Therefore, the total benefit enjoyed by the consumers is $9 + $8 + $7 + $7 + $7 + $6 + $6 + $5 + $16 = $71. 
So, the correct option is D.

Suppose the Total Consumer Surplus Enjoyed by Eight People from Consuming