Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular day, he is willing to pay $0.95 for the first can, $0.80 for the second...

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Extracted text: Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular day, he is willing to pay $0.95 for the first can, $0.80 for the second can, $0.60 for the third can, and $0.40 for the fourth can. Assume Abraham is rational in deciding how many cans to buy. His consumer surplus is Select one: O a. $0.60. O b. $1.00. O c. $0.50. O d. $0.70.


Extracted text: Which of the following is a macroeconomics question? Select one: O a. Should we have a constitutional amendment to balance the federal budget? O b. Should the government prevent the merger of two large firms? O c. Should the government put a tax on alcohol in an attempt to reduce highway fatalities? O d. Why does a firm decide to enter a particular market?