question archive Consider the following table:     First Apple Second Apple Third Apple Xavier $1

Consider the following table:     First Apple Second Apple Third Apple Xavier $1

Subject:MarketingPrice:2.88 Bought3

Consider the following table:

 

  First Apple Second Apple Third Apple
Xavier $1.75 $1.55 $1.15
Yadier $1.50 $1.25 $0.75
Zavi $1.30 $1.10 $0.70

If the market price of an apple is $1.40, then the consumer surplus amounts to:

a. $0.60

b. $1.20

c. $1.40

d. $3.40

Option 1

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