Table 2 below shows a marginal value schedule for person B. Suppose that there is also another Person C that has the same marginal value schedule as Person B.

Quantity of X Marginal Value of X in $ for Person B (same schedule applies to Person C)

1 10

2 8

3 6

4 4

5 2

6 0

Consider Table 2,

1a. What is the total value to Person B when he/she purchases five units?______

1b. What is the marginal value to Person B at the five unit?______

1c. What is the total value to Person C when he/she purchases four units?______

1d. What is the marginal value to Person C at the fourth unit?______

2. Consider Table 2 and assume now that Person B consumes five units in total and Person C consumes three units in total. Consider the sum of the total values across both persons (total value for Person B plus total value for Person C).

Suppose now, we reallocate the consumption across both persons. We take two units of consumption from Person B and give those to Person C. The total number of units consumed by both persons remains the same, what happened to the total value across both persons?