Rupert really loves pizza, but he eventually tires of it. The table below shows the highest price that Rupert is willing to pay for each successive pizza per week.
Pizza Rupert's Willingness to Pay
First…………………………….$18
Second …………………………$16
Third…………………………...$13
Fourth………………………..…$9
Fifth…………………………….$4
Sixth…………………………….$0
a. Suppose Rupert were to eat five pizzas per week. What is the total value Rupert would place on his five weekly pizzas?
b. If the market price is $10 per pizza, how many pizzas will Rupert buy and eat per week?
c. If the market price is $10 per pizza, what is the weekly consumer surplus that Rupert gets from eating pizza?