Table 5.2.4

Table 5.2.4 shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market.
-Refer to Table 5.2.4.What is the marginal social benefit from the 45th slice of pizza?
A)$3.50
B)$4.00
C)$2.50
D)$5.00
E)$4.50

Question

Table 5.2.4
  
Table 5.2.4 shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market.
-Refer to Table 5.2.4.What is the marginal social benefit from the 45th slice of pizza?
A)$3.50 
B)$4.00 
C)$2.50 
D)$5.00 
E)$4.50

Quizplus · Accepted Answer

The marginal social benefit from the 45th slice of pizza is $3.50. This is the difference between the total social benefit from consuming 45 slices of pizza and the total social benefit from consuming 44 slices of pizza.

Table 5.2.4 Table 5.2.4 Shows the Demand Schedules for Pizza for Abby