1. (10 points, as indicated) Table 1 below shows the marginal willingness-to-pay schedule for pounds of organic apples for two consumers, Jill and John. Table 1 Consumption Level Marginal Willingness to Pay (MWTP) ($) (lbs. of apples per week) Jill John 0 $5.00 $6.40 4.00 5.20 3.20 4.00 2.60 3.00 VaUA W N - 2.20 2.10 1.80 1.30 1.50 0.60 1.30 0.30 1.20 0.00 a. (7 points) Construct the aggregate marginal willingness-to-pay schedule for this group of two people by filling out Table 2 below. Hint: When using a table for MWTP showing integer values, remember that the MWTP at a consumption level of x indicates the MWTP for moving from that level of x to the next higher quantity of consumption. For example, at a consumption level of 2 (in Table 1), Jill's MWTP to move from 2 to 3 pounds of apples per week is $3.20. Similarly, John's MWTP to go from 0 to 1 pound of apples per week is $6.40.Table 2 Price Quantity Demanded ($ per pound) Jill John Total 7.00 6.00 5.00 4.00 3.00 2.00 1.00 b. (3 points) Consider the column labelled "Total" in Table 2. Do your calculations correspond to what economists call a "horizontal" sum or a "vertical" sum? Explain. Hint: what variable is on each axis in a typical graph of a demand curve