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

question 100

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 ________, then consumers will purchase this good and consumer
Surplus is _.

• A)$5; three; $30
• B)$4; four; $18
• C)$5; two; $37
• D)$4; four; $34

---

Definitions:

Positive Psychologists

Professionals who study positive human functioning and psychological capabilities to help individuals and communities thrive.

Self-Development

The process of improving oneself through activities such as learning new skills, self-education, and personal growth efforts.

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

Perseverance

Persistent effort and determination in doing something despite difficulties or delay in achieving success.