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Dave's Consumer Surplus on Movie Rentals per Week Number of movies rented per week Amount Dave is willing to pay to rent this movie ($)

Dave's Consumer Surplus on Movie Rentals per Week

Number of movies rented per week Amount Dave is willing to pay to rent this movie ($) Dave's consumer surplus on each movie rental if price is $5 each
1st 10.00
2nd 8.00
3rd 6.50
4th 5.50
5th 5.00
6th 4.50
7th 4.25

If Dave rents 3 movies in one week, his total consumer surplus is _____ and the total amount he pays is _____.

a.$19.50; $15.00

b.$9.50; $15.00

c.$6.50; $5.00

d.$24.50; $24.50

e.$5.50; $5.00

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