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Table 3-1 BUYER WILLINGNESS TO PAY MIKE $50.00 SANDY $30.00 JONATHAN $20.00 $10-00 3. Refer to Table 3-1. If the table represents the willingness to

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Table 3-1 BUYER WILLINGNESS TO PAY MIKE $50.00 SANDY $30.00 JONATHAN $20.00 $10-00 3. Refer to Table 3-1. If the table represents the willingness to pay of four buyers and the price of the product is $18, then their total consumer surplus is a. $38. b. $42. c. $46. d. $72

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