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2. Calculate the marginal benefit from each slushie and answer Yes or No whether Cassian should purchase it. Should he purchase Total Benefit of Marginal Benefit of Quantity of Slushies the slushie? Yes or Slushies Each Slushie No 1 8 14 3 18 4. 20 18 6. 13

2. Calculate the marginal benefit from each slushie and answer Yes or No whether Cassian should purchase it. Should he purchase Total Benefit of Marginal Benefit of Quantity of Slushies the slushie? Yes or Slushies Each Slushie No 1 8 14 3 18 4. 20 18 6. 13

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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CasSia thirsty so he decides to buy a slushie. Each slushie costs $4 at the concession stand. Complete the table and questions below. 1. What is the marginal cost of each slushie? 2. Calculate the marginal benefit from each slushie and answer Yes or No whether Cassian should purchase it. Should he purchase Total Benefit of Marginal Benefit of Quantity of Slushies the slushie? Yes or Slushies Each Slushie No 1 8. 14 3. 18 20 18 6. 13 3. What is the maximum number of slushies Cassian will purchase? Assignment Part II: Focus a 86°F
Transcribed Image Text:CasSia thirsty so he decides to buy a slushie. Each slushie costs $4 at the concession stand. Complete the table and questions below. 1. What is the marginal cost of each slushie? 2. Calculate the marginal benefit from each slushie and answer Yes or No whether Cassian should purchase it. Should he purchase Total Benefit of Marginal Benefit of Quantity of Slushies the slushie? Yes or Slushies Each Slushie No 1 8. 14 3. 18 20 18 6. 13 3. What is the maximum number of slushies Cassian will purchase? Assignment Part II: Focus a 86°F
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