The following table shows the benefit that Evan derives from consuming pizza. The price of a slice of pizza is $4.

-Refer to the table above.The optimal number of slices of pizza for Evan is ________,and he will get ________ in consumer surplus from it.
A) 4; $15
B) 3; $12
C) 1; $8
D) 2; $10

Question

The following table shows the benefit that Evan derives from consuming pizza. The price of a slice of pizza is $4.
 
-Refer to the table above.The optimal number of slices of pizza for Evan is ________,and he will get ________ in consumer surplus from it.
A) 4; $15 
B) 3; $12 
C) 1; $8 
D) 2; $10

Quizplus · Accepted Answer

The optimal number of slices is where Evan's marginal benefit equals the price. If the price per slice is $4, Evan will consume 3 slices, as the marginal benefit of the third slice is $4. The consumer surplus is the total benefit minus the total cost, which is $12.

The Following Table Shows the Benefit That Evan Derives from Consuming