Table 5.2.4 Table 5.2.4 Shows the Demand Schedules for Pizza for Abby

question 14

Multiple Choice

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.
-Refer to Table 5.2.4.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

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Definitions:

Repaid

Refers to the action of paying back money that was borrowed.

Short-term Sources

refer to financial resources or loans that are expected to be repaid within a year.

Permanent Assets

Also known as fixed assets; these are long-term resources owned by a business, like property, plant, and equipment, expected to provide value for several years.

Machinery

Machines collectively, especially those used in production or some form of labor.