Punitive damages are meant to

To calculate the opportunity cost per unit, you divide the decrease in the quantity of the forgone item by the

A) decrease in the quantity of the other item. B) increase in the quantity of the other item obtained. C) price of the item obtained. D) price of the item forgone. E) price of the item obtained and then multiply by the price of the item forgone.

Refer to Figure 4-1. If the market price is $2.00, what is the consumer surplus on the first burrito?

A) $0.50 B) $1.00 C) $2.00 D) $7.50