Figure 4-1 Figure 4-1 shows Kendra's demand curve for ice cream cones.
-Refer to Figure 4-1.What is the total amount that Kendra is willing to pay for 3 ice cream cones?

Question

Figure 4-1  Figure 4-1 shows Kendra's demand curve for ice cream cones.
-Refer to Figure 4-1.What is the total amount that Kendra is willing to pay for 3 ice cream cones?

Quizplus · Accepted Answer

To find the total amount Kendra is willing to pay for 3 ice cream cones, we need to find the point on the demand curve where the quantity demanded is 3. This point corresponds to a price of $3.50 on the vertical axis. Kendra's willingness to pay for the first cone is $3.50, for the second cone it is $2.50, and for the third cone it is $2. Therefore, the total amount Kendra is willing to pay for 3 ice cream cones is $3.50 + $2.50 + $2 = $9.00. Therefore, the correct choice is C.

Figure 4-1 Figure 4-1 Shows Kendra's Demand Curve for Ice