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Question 99

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Use the following to answer question: Use the following to answer question:   -(Table: Marginal Benefit,Cost,and Consumer Surplus) Use Table: Marginal Benefit,Cost,and Consumer Surplus.The table shows six consumers' willingness to pay for one iTunes download.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
-(Table: Marginal Benefit,Cost,and Consumer Surplus) Use Table: Marginal Benefit,Cost,and Consumer Surplus.The table shows six consumers' willingness to pay for one iTunes download.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:

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