Two Economists from Northwestern University Estimated the Benefit Households Received

question 134

Multiple Choice

Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service. They found that in 2006,47 million consumers paid an average of $36 per month to subscribe to a broadband Internet service,and estimated the value of total consumer surplus for these subscribers was equal to $890.5 million.Based on these numbers,what was the average monthly consumer surplus per subscriber for broadband Internet service?

• A) $0.05
• B) $0.77
• C) $13.06
• D) $18.95

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Definitions:

Reusable Materials

Materials that can be used more than once, either for the same purpose or for a new function, to reduce waste and environmental impact.

Remanufacturing

The process of rebuilding a product to specifications of the original manufactured product using a combination of reused, repaired, and new parts.

Disposal

The act of getting rid of something, often waste, that is no longer useful or required by proper means.

Franchising Arrangements

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