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You go with 3 friends to a movie Friday night. You are all excited about the movie but some are more excited than others and you also have different levels of income. You are willing to pay $15 to see the movie. Your friend LeBron is willing to pay $25. Your other two friends, Dwayne and Chris, are willing to pay $17 and $12 respectively. If the movie cost $10, how much would everyone’s consumer surplus be?

A. LeBron ($15), You ($5), Dwayne ($7), and Chris ($2)
B. LeBron ($0), You ($15), Dwayne ($7), and Chris ($2)
C. LeBron ($15), You ($10), Dwayne ($7), and Chris ($2)
D. None of you would have any consumer surplus because the movie ticket is so low.

User Hooke
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3 votes

The answer should be A

User Elvir
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