Suppose that George goes to his favorite ice cream store and buys three single -dip cones, the first for three dollars, the second for two dollars, and the third for one dollar, but enjoys no consumer surplus from the experience. We know that George must
a. have paid the same price for each cone
b. have been cheated by the ice cream store-owner
c. not like ice cream very much
d. have paid prices for the cones that correspond to points on his demand curve
e. not have maximized total utility that day
d. have paid prices for the cones that correspond to points on his demand curve
Economics
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