If Avery is willing to pay $10 for a pizza, Pia is willing to pay $13, and Sylvio is willing to pay $15, how much consumer surplus is achieved when the price of pizza is $12?

$4

Step-by-step explanation:

Total consumer surplus is given by the difference between the willingness to pay of each customer to the actual price of a good.

Since Avery is only willing to pay $10 and the pizza costs $12, Avery will not buy a pizza and should not be considered for consumer surplus.

Since Pia is willing to pay $13, and Sylvio is willing to pay $15, consumer surplus is:

When the price of pizza is $12, a consumer surplus of $4 is achieved.

2 over 5

step-by-step explanation:

the 2: 3 ratio is the length of the ac segment to the cb segment total length. this implies that the ratio between segment ac length and segment ab length is 2: 5. point c is 2/5 from a to b, so the required fraction is 2/5.