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 the marginal social benefit from the 45th slice of pizza?
A) $3.50
B) $3.25
C) $0.50
D) $9

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 the marginal social benefit from the 45th slice of pizza?
A) $3.50 
B) $3.25 
C) $0.50 
D) $9

Quizplus · Accepted Answer

The marginal social benefit is the additional benefit to society from consuming one more unit of a good. In this context, it is the value associated with the 45th slice of pizza, which is $3.50.

The Table Below Shows the Demand Schedules for Pizza for Abby