4.
If the price of novels is $10 Joe will enjoy consumer surplus equal to:
$33.
$36.
$38.
$40.
$42.
Joe's Utility
Novels
Utility in $
0
$0
1
$25
2
$45
3
$63
4
$77
5
$88
6
$96
Copyright
©
1995-2004
OnLineTexts.com
, Inc. - All Rights Reserved