question archive 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
Purchased 3 times