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 has no consumer surplus
B) he would have a consumer surplus if he eats one more hamburger
C) he has a consumer surplus on the first hamburger
D) he has a consumer surplus on the first two hamburgers
E) he has a consumer surplus on the third hamburger alone
Correct Answer:
Verified
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