Use the table below to answer the following question.
Table 5.2.4

-Table 5.2.4 shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market.What is the marginal social benefit from the 45th slice of pizza?
A)$3.50
B)$4.00
C)$2.50
D)$5.00
E)$4.50

Question

Use the table below to answer the following question.
Table 5.2.4
 
-Table 5.2.4 shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market.What is the marginal social benefit from the 45th slice of pizza?
A)$3.50 
B)$4.00 
C)$2.50 
D)$5.00 
E)$4.50

Quizplus · Accepted Answer

Marginal social benefit is the additional benefit that society receives from consuming one more unit of a good or service. In this case, the marginal social benefit from the 45th slice of pizza is $3.50, which is the price that Abby is willing to pay for the slice.

Use the Table Below to Answer the Following Question