Two economists from Northwestern University estimated the benefit households rec

Question

Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service. The economists found that

A) the consumer surplus from dial-up Internet service exceeded the consumer surplus from broadband Internet service.
B) the average consumer of broadband Internet service received a marginal benefit equal to $36.
C) most consumers of broadband Internet service were not willing to pay more than $36 per month.
D) one month's benefit to consumers who subscribe to broadband Internet service is about $890 million

Explanation / Answer

Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service. The economists found that one month's benefit to consumers who subscribe to broadband Internet service is about $890 million.

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