Table 2 summarizes John's Total Benefit from consumption of pizza per month (measured in dollars). If each pizza costs $16, how much should John consume?
Table 2 summarizes John's Total Benefit from consumption of pizza per month (measured in dollars). If each pizza costs $16, how much should John consume? What is the value of his Economic Surplus from this level of consumption? Pizzas Consumed 0 1 2 3 4 5 6 7 Total Benefits from Consumption 0 40 70 90 105 115 120 122 4 pizzas; $41 2 pizzas; $38 5 pizzas; $24 3 pizzas; $42
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