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?

TABLE 2 Price $10 8 6 42 Quantity Demanded 1 2 -

TABLE 2 Price $10 8 6 42 Quantity Demanded 1 2 - 3 4 5

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