If the price of a pizza is $10 per pizza,the consumer surplus from the first pizza consumed ________ the consumer surplus from the second pizza consumed.
A) is greater than
B) equals
C) is less than
D) cannot be compared to
E) None of the above answers is correct because more information is needed about the marginal cost of producing the pizzas to answer the question.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what consumers are willing to pay and what they actually pay. Assuming diminishing marginal utility, the consumer surplus from the first pizza consumed is greater than the consumer surplus from the second pizza because the satisfaction (and thus the willingness to pay) decreases with each additional pizza consumed.

If the Price of a Pizza Is $10 Per Pizza,the