Ross is a passionate vinyl record collector. He is interested in obtaining one or more rare vinyl
Question:
Ross is a passionate vinyl record collector. He is interested in obtaining one or more rare vinyl records for his collection. His marginal willingness to pay (i.e., his marginal benefit) for these records is detailed in the table shown. How much is Ross willing to pay for the third record?
a. $45
b. $30
c. $110
d. $5
e. Not enough information, since the price of a record is not given
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ISBN: 9780470574782
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Authors: Wendy A. Stock
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