(Table: Marginal Benefit, Cost, and Consumer Surplus) the Table Marginal

question 136

Multiple Choice

(Table: Marginal Benefit, Cost, and Consumer Surplus) The table Marginal Benefit, Cost, and Consumer Surplus shows six consumers' willingness to pay (his or her individual marginal benefit) for one iTunes download of a Jack Johnson song.If the marginal social cost is constant at $0, then the efficient price is ________ and consumer surplus is _.

• A)$0; $37
• B)$1; $36
• C)$4; $33
• D)$5; $32

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Definitions:

Digital Marketing Channel

Platforms or mediums used to reach and engage customers through digital means, including social media, email, websites, and online advertising.

Machinery Manufacturers

Entities involved in the production of machines and industrial equipment.

Virtual Marketing Channel

Digital pathways through which companies promote and sell their products or services online, using platforms such as social media and websites.

Dual Distribution

A strategy where a manufacturer sells products through multiple distribution channels, often including directly to consumers and through resellers or agents.