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Author Question: Refer to Table 1-6. What is Ivan's marginal benefit if he decides to stay open for six hours instead ... (Read 87 times)

michelleunicorn

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on: Jun 29, 2018
Refer to Table 1-6. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
 
  A) 10 B) 20 C) 30 D) 91.67

Question 2

Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is 20
 
  A) the total consumer surplus from the purchase of tickets will be 122.
  B) only Violet and Walter will buy tickets.
  C) Xavier's consumer surplus is 50.
  D) everyone will buy a ticket except for Zachary.


gcook

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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