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If Mike is willing to pay $6 for the first hamburger, $5 for the second one, $4 for the third one and the market price
If Mike is willing to pay $6 for the first hamburger, $5 for the second one, $4 for the third one and the market price is $4.5, his consumer surplus, at the optimal consumption, will be:
A :$1.5
B. $2
C. $15
D. $9
Kindly show and explain the calculation to reach the answer as well. Thank you!
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