The following table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.

-Refer to the table above.If Marcus consumes 2 hotdogs and 2 sodas,not necessarily his optimal choice,how much consumer surplus is he enjoying?
A) $43
B) $49
C) $8
D) $24

Question

The following table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.
 
-Refer to the table above.If Marcus consumes 2 hotdogs and 2 sodas,not necessarily his optimal choice,how much consumer surplus is he enjoying?
A) $43 
B) $49 
C) $8 
D) $24

Quizplus · Accepted Answer

Marcus pays $4 for 2 hotdogs and $4 for 2 sodas, for a total of $8. His willingness to pay for these items is $12 (2 x $6), so his consumer surplus is $4 ($12 - $8).

The Following Table Shows the Marginal Benefit That Marcus Derives