We know that the marginal benefit is the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service. A person's marginal benefit is the maximum amount he is willing to pay to consume that additional unit of a good or service.
It looks like that a part of the table above the graph is missing. But as per the given information in the table,if the third column represents the Marginal benefit of the downloaded songs, then the answer should be MB1.
Ans.) MB1
As per the table, the marginal benefit from the 5th song is $0.50 .and in the graph, only MB1 is a curve that gives a point (5,0.50) i.e a marginal benefit of 0.50 for 5 songs downloaded. For the rest two curves, the marginal benefit is greater than $1 for 5 songs downloaded. Therefore with the limited information available,the most appropriate answer would be MB1 .
4 $7.00 5 $7.50 $0.50 MB $4.00 $3.50 $3.00 s2.so $2.50 $2.00 $1.s0 $1.00 1 23...
5 $7.50 5 $0.50 $3.50 $2.50 $1.00 0.50 Which of the curves on the above graph represent Tony's marginal benefht for downloaded songs? MB MB2 MB3 Page 10 of 17 Next Page Previous Page MacBook Ai 20 F 9 5
$4.00 $3.50 $3.00 $2.75 $2.50 $ 2.25 $2.00 $1.50 $1.00 $0.50 100 200 300 400 500 600 700 800 900 Q(berries-lb.) Refer to the figure above. After tax buyer pays $2.25, what is the tax revenue?
6.00 5.507 5.00 4.50 4.00 3.50 Price floor Price 3.00 2.50 2.00- 1.50- 1.00- 0.504 6 5 10 15 20 25 30 35 40 45 50 55 Quantity (in thousands) The diagram to the right shows a market in which a price floor of $3.00 per unit has been imposed. With the price floor, consumer surplus is $ (enter a numeric response using an integer), producer surplus is $ deadweight loss is $ and surplus transferred from consumers to producers...
Question 1 (1 point) $5.00 4.5아 4.00 3.50 3.00 2.50 2.00 1.50- 1.00 0.50 0 1 2 3 4 5 6 7 8 9 10 Quantity of Potato Chips r bag) Refer to the above diagram. This buyer's marginal willingness to pay for the 7th bag of potato chips is(include the dollar sign and 2 decimal places in your answer) Question 2 (1 point) Suppose there are only two firms in the market for a certain good. Firm 1's marginal...