-The Table Above Shows Anita and Steve's Marginal Benefits for the Annual

question 34

Multiple Choice

-The table above shows Anita and Steve's marginal benefits for the annual 4ᵗʰ of July fireworks show at City Park.If Anita and Steve are the only two people in the economy,what is the economy's marginal benefit from the 18ᵗʰ minute of fireworks?

• A) $38
• B) $33
• C) $30
• D) $162
• E) $129

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Definitions:

Social Class

A division of a society based on social and economic status, where individuals are grouped by criteria such as occupation, income, wealth, education, and social network.

Occupation

Occupation refers to a person's regular, long-term employment or role in society, which often defines a part of their identity and social status.

Age

The length of time that a person or entity has existed.

Bar Mitzvah

A Jewish coming of age ritual for boys reaching the age of 13, symbolizing their obligation to observe the commandments.