A community develops an online platform offering high-quality local history video lectures. Access is granted via a monthly subscription. The demand for subscriptions is shown in the table below:
| Price per Month | Number of Subscribers |
|---|---|
| $20 | 0 |
| $16 | 100 |
| $12 | 200 |
| $8 | 300 |
| $4 | 400 |
| $0 | 500 |
If the community sets the subscription price at $8 per month, what is the total social benefit generated per month from this service? Assume the demand curve is linear between the points given.
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Social Science
Empirical Science
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Economy
CORE Econ
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
Application in Bloom's Taxonomy
Cognitive Psychology
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