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The Following Table Shows the Marginal Benefit to a Consumer

question 41

Multiple Choice

The following table shows the marginal benefit to a consumer of DVD rentals.  DVD rentals per month  Marginal Benefit (in dollars)  1$8.502$7.503$6.504$5.505$4.506$3.507$2.508$1.50\begin{array} { c c } \text { DVD rentals per month } & \text { Marginal Benefit (in dollars) } \\1 & \$ 8.50 \\2 & \$ 7.50 \\3 & \$ 6.50 \\4 & \$ 5.50 \\5 & \$ 4.50 \\6 & \$ 3.50 \\7 & \$ 2.50 \\8 & \$ 1.50\end{array} If the price of a DVD rental is $4, a consumer following the rule of rational choice will rent:


Definitions:

Water Table

The level below the Earth's surface at which the ground becomes saturated with water.

Groundwater

Water that occupies the pores and fractures in rock and soil beneath the Earth's surface, an important source of fresh water.

Lake

A large body of water surrounded by land, often formed by tectonic, volcanic, or glacial activity.

Groundwater

The water found under the surface of the Earth, occupying spaces in soil and cracks in geological formations.

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