Question: Suppose Table 2 shows your demand schedule for CDs. (a) What is your total utility from four CDs? (b) What is your marginal utility from

Suppose Table 2 shows your demand schedule for CDs.

(a) What is your total utility from four CDs?

(b) What is your marginal utility from the fourth CD?

(c) If the price is $2, how much will your consumer surplus be? ( LO1 , 3 , 6 )

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