In the figure above, what is the marginal social benefit of the 3,000,000th CD per month?
A) $11.00 per CD
B) $8.00 per CD
C) $6.00 per CD
D) None of the above answers is correct.
A
You might also like to view...
In 2014, the NCAA was the subject of two antitrust lawsuits related to video games. The NCAA reached a settlement in which it agreed to
A) pay current and former athletes whose names or images had been used in NCAA-branded video games. B) split into two separate entities, one which monitors college athletics and the other which markets products. C) stop authorizing the production of NCAA-branded video games. D) allow schools to pay athletes so it could continue to use their images in the video games.
The price elasticity of demand is measured as the percentage change in price divided by the percentage change in quantity demanded
Indicate whether the statement is true or false