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.What is the maximum amount of consumer surplus that Marcus can get,if he has $14 budget to spend on these two goods?
A) $52
B) $40
C) $8
D) $14

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.What is the maximum amount of consumer surplus that Marcus can get,if he has $14 budget to spend on these two goods?
A) $52 
B) $40 
C) $8 
D) $14

Quizplus · Accepted Answer

Marcus can achieve a maximum consumer surplus of $52 by purchasing 2 units of Good X for $6 each (totaling $12) and 1 unit of Good Y for $2, fully utilizing his $14 budget. The consumer surplus from Good X is $40 ($26 surplus per unit x 2 units) and from Good Y is $12 ($12 surplus per unit x 1 unit), totaling $52.

The Following Table Shows the Marginal Benefit That Marcus Derives