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Rupert really loves pizza, but he eventually tires of it. The table below shows the highest price that Rupert is willing to pay for each
Rupert really loves pizza, but he eventually tires of it. The table below shows the highest price that Rupert is willing to pay for each successive pizza per week.
- Suppose Rupert were to eat 5 pizza per week. What is the total value Rupert would place on his 5 weekly pizza?
- If the market price is $10 per pizza, how many pizza will Rupert buy and eat per week?
- If the market price is $10 per pizza, what is the weekly consumer surplus that Rupert gets from eating pizza?
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