Use the following to answer question:
-(Table: Marginal Benefit,Cost,and Consumer Surplus)Use Table: Marginal Benefit,Cost,and Consumer Surplus.The table shows six consumers' willingness to pay for one iTunes download.If the marginal social cost is constant at _____,then _____ consumers will purchase this good,and consumer surplus is _____.
A)$0;four;$12
B)$3;four;$22
C)$13;five;$30
D)$20;six;$37

Question

Use the following to answer question: 
-(Table: Marginal Benefit,Cost,and Consumer Surplus)Use Table: Marginal Benefit,Cost,and Consumer Surplus.The table shows six consumers' willingness to pay for one iTunes download.If the marginal social cost is constant at _____,then _____ consumers will purchase this good,and consumer surplus is _____.
A)$0;four;$12 
B)$3;four;$22 
C)$13;five;$30 
D)$20;six;$37

Quizplus · Accepted Answer

With a marginal social cost of $3, four consumers (willing to pay $10, $8, $7, and $5) will purchase the good, resulting in a consumer surplus of $22 ($10+$8+$7+$5 - 4*$3).

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