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It is a hot day and Bert is thirsty. Here is the value he places on each successive bottles of water. 1st bottle $7 2nd

It is a hot day and Bert is thirsty. Here is the value he places on each successive bottles of water.

1st bottle $7
2nd bottle $5
3rd bottle $3
4th bottle $1

(a) If the market price of water is $3, how many bottles will Bert buy?

(b) What is the consumer surplus on all the bottles Bert buys?

Show your work/explain your answer for both parts (a) and (b).

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