The figure above shows the demand curve for pizza
a. What is the marginal benefit of the 20th pizza?
b. What is the maximum price the consumer is willing to pay for the 20th pizza?
c. If the price of a pizza is $6, what is the consumer surplus of the 20th pizza?
d. If the price of a pizza is $10, what is the consumer surplus on all the pizzas consumed?
e. If the price of a pizza is $6, what is the consumer surplus on all the pizzas consumed?
a. The marginal benefit of the 20th pizza is $10.
b. The maximum price the consumer is willing to pay for the 20th pizza is $10.
c. If the price of a pizza is $6, the consumer surplus of the 20th pizza is $4.
d. If the price of a pizza is $10, the consumer surplus is $40.
e. If the price of a pizza is $6, the consumer surplus is $160.
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