Minutes of fireworks Anita's MB (dollars per minute) Steve's MB (dollars per minute) 16 $20 $28 17 18 25 18 16 22 19 14 19 20 12 16 The table above shows Anita and Steve's marginal benefits for the annual 4th of July fireworks show at City Park. If Anita and Steve are the only two people in the economy, what is the economy's marginal benefit from the 18th minute of fireworks? Group of answer choices $38 $33 $30 $162 $129
Minutes of fireworks Anita's MB (dollars per minute) Steve's MB (dollars per minute) 16 $20 $28 17 18 25 18 16 22 19 14 19 20 12 16 The table above shows Anita and Steve's marginal benefits for the annual 4th of July fireworks show at City Park. If Anita and Steve are the only two people in the economy, what is the economy's marginal benefit from the 18th minute of fireworks? Group of answer choices $38 $33 $30 $162 $129
Chapter8: Market Failure
Section: Chapter Questions
Problem 1P
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Minutes of fireworks | Anita's MB (dollars per minute) | Steve's MB (dollars per minute) |
16 | $20 | $28 |
17 | 18 | 25 |
18 | 16 | 22 |
19 | 14 | 19 |
20 | 12 | 16 |
The table above shows Anita and Steve's marginal benefits for the annual 4th of July fireworks show at City Park. If Anita and Steve are the only two people in the economy, what is the economy's marginal benefit from the 18th minute of fireworks?
Group of answer choices
$38
$33
$30
$162
$129
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