My apologies to the experts that answered my questions yesterday, I did not know that you could only ask one question per inquiry. Your explanations were very helpful. I have re-uploaded the questions that I'd like to check. Table: Marginal Benefit, Cost,and Consumer SurplusConsumerAdrianaBhageshChizukoDenzelEmmaFrankIndividualMarginal Benefit$21511054(Table: Marginal Benefit, Cost, and ConsumerSurplus) Use Table: Marginal Benefit, Cost,and Consumer Surplus. The table shows sixconsumers' willingness to pay for one iTunesdownload. If the marginal social cost isthenconsumers willconstant atpurchase this good, and consumer surplus isa. $13; five; $30b. $3; four; $22c. $20; six; $37d. $0; four; $12

Marginal social cost means the total cost the society pays for the production of another unit also…

Answered: Table: Marginal Benefit, Cost, and…

Table: Marginal Benefit, Cost, and Consumer Surplus Consumer Adriana Bhagesh Chizuko Denzel Emma Frank Individual Marginal Benefit $2 15 1 10 5 4

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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Question

My apologies to the experts that answered my questions yesterday, I did not know that you could only ask one question per inquiry. Your explanations were very helpful. I have re-uploaded the questions that I'd like to check.

Table: Marginal Benefit, Cost,
and Consumer Surplus
Consumer
Adriana
Bhagesh
Chizuko
Denzel
Emma
Frank
Individual
Marginal Benefit
$2
15
1
10
5
4
(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
then
consumers will
constant at
purchase this good, and consumer surplus is
a. $13; five; $30
b. $3; four; $22
c. $20; six; $37
d. $0; four; $12

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