The highest price that Duke would be willing to pay for a particular video game is:
A)the most equitable price for the game.
B)the most economically efficient price for the game.
C)the marginal benefit he would receive from the game.
D)his consumer surplus on the game.

Question

Quizplus · Accepted Answer

The highest price that Duke would be willing to pay for a particular video game is the marginal benefit he would receive from the game. This is because the marginal benefit represents the additional utility Duke would derive from acquiring the game, and is therefore the maximum amount he would be willing to pay for it.

The Highest Price That Duke Would Be Willing to Pay