13.) If Mrs. T.F. Baker buys 29 pairs of false eye lashes at the local drug stor

ID: 1223118 • Letter: 1

Question

13.) If Mrs. T.F. Baker buys 29 pairs of false eye lashes at the local drug store,

- she is definitely enjoying a consumer surplus.

- she may or may not be enjoying a consumer surplus.

- she is definitely not enjoying a consumer surplus.

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10.) If you were in the middle of the desert, came upon a lemonade stand, and paid $20 for a glass of lemonade,

- you would definitely be overpaying.

- you would have gotten at least $20 of utility from the lemonade.

- there is no way to determine whether or not you overpaid.

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11.) As people buy more and more of a service, their consumer surplus

- increases.

- decreases.

- falls to zero.

- becomes negative.

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18.) If a bookstore were having a half-price sale, instead of buying three books, you bought six. Because of the sale, your consumer surplus

- declined.

- stayed the same.

- rose.

- doubled.

13. option 3 is correct

10. option B is correct

11. decreases, option B is correct. it comes under decreasing marginal utility concept

18. doubled

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