Figure 7-3 Bettye Babylon Does Not Charge Admission to Her

question 330

Multiple Choice

Figure 7-3
Bettye Babylon does not charge admission to her arboreal estate, the Hanging Gardens. Due to space limitations, Bettye only allows 200 visitors per day at her estate. The figure represents the supply and demand for admission to the Hanging Gardens.
-Refer to Figure 7-3.At a ticket price of $0,the marginal benefit from the 200th ticket is

• A) equal to the price.
• B) below the price.
• C) above the price.
• D) negative.

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Definitions:

Permeability

A measurement of a material’s ability to conduct magnetic lines of flux. The standard is air, which has a permeability of 1.

Reluctance

Resistance to magnetism.

Resistance

A measure of an object's opposition to the flow of electric current, resulting in electrical energy being dissipated as heat.

Material's

Pertaining to the substance or substances from which something is or can be made, often highlighting properties or characteristics.