Multiple Choice
The following table shows the utility (measured in dollars) which Lisa derives from water (in 50 litre drums) and diamonds (uncut 1 carat stones) .
-Refer to the above information to answer this question.If the price of both water and diamonds is $100 per unit,and Lisa has $500 to spend,what is the value of her total consumer surplus if she purchases the optimal quantity?
A) 0.
B) $375.
C) $620.
D) $875.
E) $1,120.
Correct Answer:
Verified
Correct Answer:
Verified
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