Question: The table above lists the highest prices three consumers are willing to pay for one ( the first ) ounce of weed. If the price
The table above lists the highest prices three consumers are willing to pay for one the first ounce of weed. If the price is $ per ounce, then
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Slater will receive $ of consumer surplus since he will buy no weed.
Curly and Moe receive a total of $ of consumer surplus from buying one ounce each. Slater wont buy anything.
Snoop will buy two ounces, Cheech will buy one ounce, and Slater won't buy any.
Cheech will receive $ of consumer surplus from buying one ounce.
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