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The following image shows the demand curve for neckties lfneclrties were available ee of cost, then _ m Fri CB IIIIIEIIII IIIIIIEIII IIIIIIIEII...

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The following image shows the demand curve for neckties lfneclrties were available flee of cost, then _ fiflmfl
Fri CB IIIIIEIIII
IIIIIIEIII IIIIIIIEII Will-lino "Em,“ (j, a. total utility, consumer surplus, and consumer expenditure would be undefined (j b. total utility and consumer surplus would be valued at $36; consumer expenditure would be zero (3 c. total utility and consumer surplus would be valued at $.20, but consumer expenditure would be undefined
(j, d. total utility, consumer surplus, and consumer expenditure would all he at their maximum (:3, e. total utility, consumer surplus, and consumer expenditure would all be equal to zero

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Option A is correct Having a good given at free cost and its valuable to... View the full answer

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