Skip to content
Exercises · Q8

Q.A consumer's willingness to pay for successive units of a good is Rs. 15, 12, 9, 6, and 3 for units 1 to 5 respectively. If the market price is Rs. 6 per unit, find the number of units he buys and his Consumer's Surplus.

Tamil Nadu DgeTextbookSubjectiveImportance★★★★★
7% · 3/41 Questions
✓ Free question

Checking each unit against the market price of Rs. 6: unit 1 (Rs. 15 ≥ 6, buy), unit 2 (Rs. 12 ≥ 6, buy), unit 3 (Rs. 9 ≥ 6, buy), unit 4 (Rs. 6 ≥ 6, buy — exactly at the margin), unit 5 (Rs. 3 < 6, do not buy). So 4 units are purchased.

Total willingness to pay for these 4 units: 15+12+9+6=4215+12+9+6=42. Actual payment at Rs. 6 per unit: 6×4=246\times4=24.

Consumer’s Surplus=42−24=18\text{Consumer's Surplus} = 42-24=18

Checked unit by unit: surplus is 15−6=915-6=9, 12−6=612-6=6, 9−6=39-6=3, 6−6=06-6=0; summing gives 9+6+3+0=189+6+3+0=18, matching the aggregate calculation.

✓Final answer

The consumer buys 4 units; Consumer's Surplus = Rs. 18.

Unlock everything free for 14 days

  • Full step-by-step solutions
  • Concept-first explanations
  • Methods, shortcuts & mistakes
  • PYQ mapping + timed mock tests

Full access for 14 days. No credit card required.