-The table above shows Anita and Steve's marginal benefits for the annual 4th of July fireworks show at City Park.If Anita and Steve are the only two people in the economy,what is the economy's marginal benefit from the 19th minute of fireworks?
A) $38
B) $30
C) $162
D) $129
E) $33

Question

-The table above shows Anita and Steve's marginal benefits for the annual 4th of July fireworks show at City Park.If Anita and Steve are the only two people in the economy,what is the economy's marginal benefit from the 19th minute of fireworks?
A) $38 
B) $30 
C) $162 
D) $129 
E) $33

Quizplus · Accepted Answer

The economy's marginal benefit for a given minute of fireworks is the sum of the marginal benefits of all individuals in the economy for that minute. Since the question asks for the marginal benefit from the 19th minute and Anita and Steve are the only two people in the economy, you add Anita's marginal benefit for the 19th minute to Steve's marginal benefit for the 19th minute to get the economy's marginal benefit for that minute.

-The Table Above Shows Anita and Steve's Marginal Benefits for the Annual