The table below shows the total value (in dollars)that Andrew gets from playing 9- hole rounds of golf. $$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Rounds of } \
\text { Golf per } \
\text { Month }
\end{array} & \begin{array} { c }
\text { Total } \
\text { Value } \
( \$ )
\end{array} \
\hline 0 & 0 \
\hline 1 & 40 \
\hline 2 & 70 \
\hline 3 & 92 \
\hline 4 & 108 \
\hline 5 & 120 \
\hline 6 & 130 \
\hline 7 & 130 \
\hline
\end{array}$$ TABLE 6- 3
-Refer to Table 6- 3.If the price of a 9- hole round of golf is $16,and Andrew is maximizing his utility,then his consumer surplus will be
A)$310.
B)$92.
C)$108.
D)$16.
E)$44.

Question

The table below shows the total value (in dollars)that Andrew gets from playing 9- hole rounds of golf. $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Rounds of } \
\text { Golf per } \
\text { Month }
\end{array} & \begin{array} { c } 
\text { Total } \
\text { Value } \
( \$ )
\end{array} \
\hline 0 & 0 \
\hline 1 & 40 \
\hline 2 & 70 \
\hline 3 & 92 \
\hline 4 & 108 \
\hline 5 & 120 \
\hline 6 & 130 \
\hline 7 & 130 \
\hline
\end{array}$$ TABLE 6- 3
-Refer to Table 6- 3.If the price of a 9- hole round of golf is $16,and Andrew is maximizing his utility,then his consumer surplus will be
A)$310.
B)$92.
C)$108.
D)$16.
E)$44.

Quizplus · Accepted Answer

Consumer surplus is the total value Andrew gets from playing golf minus the total cost. The total value for 5 rounds is $120, and the cost is 5 rounds x $16 = $80. Therefore, consumer surplus is $120 - $80 = $40.

The Table Below Shows the Total Value (In Dollars)that Andrew