Two Economists from Northwestern University Estimated the Benefit Households Received

question 147

Multiple Choice

Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service.They found that in the year they analyzed,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:

Bipolar Disorder

A psychological disorder identified by severe fluctuations in mood, which involve high points of mania or hypomania and low points of depression.

Depression

A mood disorder typified by ongoing dejection or indifference toward life’s activities, profoundly impairing everyday functionality.

Mania

A mental state characterized by excessively high energy levels, euphoria, hyperactivity, and sometimes delusions of grandeur, often seen in bipolar disorder.

Schizophrenic Person

An individual diagnosed with schizophrenia, a mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.