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Consider the Table Below Showing Anne's Willingness to Pay for Magazines

Question 126

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Consider the table below showing Anne's willingness to pay for magazines. Consider the table below showing Anne's willingness to pay for magazines.   (A)Suppose the price of magazines is $2.00.Calculate the  difference between the willingness to pay and the total payment for one to six magazines. (B)How many magazines will maximize the willingness to pay minus the payment? (C)How does the answer to (B)compare to the approach that compares price and marginal benefit? (A)Suppose the price of magazines is $2.00.Calculate the difference between the willingness to pay and the total payment for one to six magazines.
(B)How many magazines will maximize the willingness to pay minus the payment?
(C)How does the answer to (B)compare to the approach that compares price and marginal benefit?

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