Solved

(Table: Marginal Benefit, Cost, and Consumer Surplus) the Table Marginal

Question 136

Multiple Choice

(Table: Marginal Benefit, Cost, and Consumer Surplus) The table Marginal Benefit, Cost, and Consumer Surplus shows six consumers' willingness to pay (his or her individual marginal benefit) for one iTunes download of a Jack Johnson song.If the marginal social cost is constant at $0, then the efficient price is ________ and consumer surplus is _.


A) $0; $37
B) $1; $36
C) $4; $33
D) $5; $32

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions