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Author Question: The above figure shows that the maximum amount a person is willing to pay for the 400th pretzel ... (Read 67 times)

plus1

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on: Jun 29, 2018
The above figure shows that the maximum amount a person is willing to pay for the 400th pretzel
 
  A) is greater than the marginal social cost of the 400th pretzel.
  B) is less than the marginal social benefit of the 400th pretzel.
  C) and the marginal social benefit of the 400th pretzel are both 2.
  D) is greater than the marginal social benefit of the 200th pretzel.

Question 2

The marginal benefit of a good or service
 
  A) increases as more is consumed.
  B) decreases as more is consumed
  C) remains constant as more is consumed.
  D) decreases as less is consumed


C.mcnichol98

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

C

Answer to Question 2

B


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