Use the Following to Answer Question

question 165

Multiple Choice

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)$6;three;$13
• B)$3.50;four;$20
• C)$11;two;$22
• D)$40;zero;-$37

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Definitions:

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Utilitarianism

A moral theory that advocates for actions that maximize happiness and well-being for the greatest number of people.

Liberalism

A belief system centered on the principles of freedom, the governed's agreement, and equal treatment under the law.

Libertarianism

A political philosophy that emphasizes freedom, autonomy, and voluntary association.