-In the Table Above, the Marginal Benefit of the 4

$$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Television } \\\text { sets } \\\text { (millions } \\\text { per year) }\end{array} & \begin{array} { l } \text { Willingness to } \\\text { pay } \\\text { (computers } \\\text { per television } \\\text { set) }\end{array} \\\hline 1 & 2.5 \\\hline 2 & 2.0 \\\hline 3 & 1.5 \\\hline 4 & 1.0 \\\hline 5 & 0.5 \\\hline\end{array}$$
-In the table above, the marginal benefit of the 4 millionth television set is

A) 1.0 computer per television set.
B) 0.25 computers per television set.
C) 0.5 computers per television set.
D) negative 0.5 computers per television set.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free