Business, 19.10.2019 05:10, paige1616

Suppose that the price of a bottle of soda is $1 each. larry is willingto pay $2 for the first bottle, alan is willing to pay $1.50 for thesecond bottle, ryan is willing to pay $1.25 for the third bottle, andholly is willing to pay $0.75 for the fourth bottle. what is the totalconsumer surplus from the consumption of soda?
a. $6.50
b. $5.50
c. $2.75
d. $1.75

Answers: 1

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Suppose that the price of a bottle of soda is $1 each. larry is willingto pay $2 for the first bottl...