Homework Answers
a) 
b) At price = $16, his satisfaction optimize when price = marginal utility.
But here we can see that he get 20 utility from the second unit while from the third unit he get only $15 utility so he will not pay more than $15. It means at $16 the optimal ounces of caviar is 2 ounces.
c) Consumer surplus = 34+4 = 38
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