Reference: Ref 3-1 (Table: Sweetbrand) The table shows the maximum consumer willingness to pay for "Sweetbrand" cheesecakes. Which of the four consumers receives the most consumer surplus, if the market price of the cheesecakes is $12.50 each?
A) Frodo
B) Sam
C) Mary
D) Pippin

Question

Reference: Ref 3-1 (Table: Sweetbrand) The table shows the maximum consumer willingness to pay for "Sweetbrand" cheesecakes. Which of the four consumers receives the most consumer surplus, if the market price of the cheesecakes is $12.50 each?
A) Frodo 
B) Sam 
C) Mary 
D) Pippin

Quizplus · Accepted Answer

The Answer of  Reference: Ref 3-1 (Table: Sweetbrand) The table shows the maximum consumer willingness to pay for "Sweetbrand" cheesecakes. Which of the four consumers receives the most consumer surplus, if the market price of the cheesecakes is $12.50 each?
A) Frodo 
B) Sam 
C) Mary 
D) Pippin

Reference: Ref 3-1 (Table: Sweetbrand) the Table Shows the Maximum