Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service.The economists found that
A)the consumer surplus from dial-up Internet service exceeded the consumer surplus from broadband Internet service.
B)the average consumer of broadband Internet service received a marginal benefit equal to $36.
C)most consumers of broadband Internet service were not willing to pay more than $36 per month.
D)one month's benefit to consumers who subscribe to broadband Internet service is about $890 million.

Question

Quizplus · Accepted Answer

The economists estimated that one month's benefit to consumers who subscribe to broadband Internet service is about $890 million. This suggests that broadband Internet service provides a significant consumer surplus and is highly valued by households.

Two Economists from Northwestern University Estimated the Benefit Households Received