The table below shows Julian's marginal utility (expressed in monetary terms) from consuming successive slices of pizza:
| Slice of pizza | Marginal utility (£) |
|---|---|
| 1st | £5.00 |
| 2nd | £3.50 |
| 3rd | £2.20 |
| 4th | £1.00 |
| 5th | £0.30 |
If the market price of a slice of pizza is £2.20, which of the following correct combinations describes Julian’s equilibrium consumption level and his total consumer surplus?
He consumes 444 slices and obtains a total consumer surplus of £2.90£2.90£2.90.
He consumes 333 slices and obtains a total utility of £4.10£4.10£4.10.
He consumes 333 slices and obtains a total consumer surplus of £4.10£4.10£4.10.
He consumes 222 slices and obtains a total consumer surplus of £4.10£4.10£4.10.
