Answer:
Total consumer surplus = $45
so correct option is c. $45
Explanation:
given data
purchase bulletin boards = $15
Lauren = $35
Leslie = $25
Lydia = $30
to find out
Total consumer surplus
solution
we know that consumer surplus is the difference between the price the consumer expected to pay
and the price they are actually paying
so
Lauren's surplus = $35 - $15 = $20
Leslie's = $25 - $15 = $10
Lydia's = $30 - $15 = $15
so
Total consumer surplus = $20 + $10 +$15
Total consumer surplus = $45
so correct option is c. $45
Total consumer surplus will be $45. The answer is "C".
