The table below shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market.

-Based on the table, what is Abby's marginal benefit from the 10th slice of pizza?
A) $4
B) $13
C) $0.50
D) $40

Question

The table below shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market.
 
-Based on the table, what is Abby's marginal benefit from the 10th slice of pizza?
A) $4 
B) $13 
C) $0.50 
D) $40

Quizplus · Accepted Answer

The marginal benefit is the additional benefit received from consuming one more unit of a good. If Abby's marginal benefit from the 10th slice of pizza is $4, it means she values that additional slice at $4.

The Table Below Shows the Demand Schedules for Pizza for Abby