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) $40
B) $13
C) $0.50
D) $4

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) $40 
B) $13 
C) $0.50 
D) $4

Quizplus · Accepted Answer

The marginal benefit of the 10th slice of pizza for Abby is the additional benefit she gets from consuming that slice compared to the 9th slice. This is typically calculated as the difference in her willingness to pay for the 10th slice compared to the 9th slice. Without the specific table data, the general approach to find the marginal benefit involves looking at the change in total benefit or the specific value she places on that 10th slice. Since the correct answer is provided as D) $4, it suggests that Abby values the 10th slice $4 more than the 9th slice or that is the specific value assigned to the 10th slice itself.

The Table Below Shows the Demand Schedules for Pizza for Abby