(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:

Sociocultural Model

A theory that examines how social and cultural factors influence individual behavior, health, and psychological processes.

Cultural Factors

Elements within a society that influence the thoughts, behaviors, and customs of individuals, such as traditions, values, and beliefs.

Dysfunction

Abnormal or impaired functioning of a system or organ, often referring to discrepancies in psychological or social systems.

Modeling

In psychology, this is a method of learning that occurs through observing and imitating others' behaviors, attitudes, or emotional expressions.