Can you please explain how to calculate Total Cost, Total Benefit, and Net Benefit from looking at a table? Also, can you explain what those three things and their calculations mean in words? Heres an example of the table I was talking about above: # of items Marginal benefit Marginal cost Total benefit Total cost Net benefit

Q: Joey "Jaws" Chesnut really likes eating Krystal burgers. The following table shows Joey's total cost…

A: The total cost represents the cumulative cost of producing each quantityTotal benefit represents the…

Q: What is marginal benefit? How do you calculate marginal benefit?

A: Marginal benefit refers to the additional benefit that obtained by increasing the output by one more…

Q: Stephen and Rebecca both enjoy drinking coffee. The marginal benefit that each places on the coffee…

A: Marginal benefit is the maximum amount of money a consumer is willing to pay for an additional good…

Q: Table: Marginal and Total Benefit Number of Games Total Benefit 0 0 1 50 2 90 3 120 4 140 5 152 6…

A: Marginal cost refers to the additional cost incurred by producing one more unit of a good or…

Q: "Uber eats usually has a promotion in which, if a customer orders more than $30 worth of food at a…

A: Given information Uber eats has promotional activity and by this activity customers are offered to…

Q: in whing this editorial? 1.4 Alexi and Tony own a food truck that serves only two items, street…

A: Revenue is the total sum of money that a business makes through the sales of its products or…

Q: How do you calculate marginal benefits? For example, what are the marginal benefits of consuming a…

A: The marginal benefits show the incremental change in benefit to a consumer by consuming one…

Q: Why would a hotel stay open during a slow month when it seems like the revenue from so few customers…

A: Variable cost of production refers to the cost of operating a business such as labour cost, raw…

Q: 2. Calculate the marginal benefit from each slushie and answer Yes or No whether Cassian should…

A: When MB > MC , Purchase the Good. When MB = MC , Indifferent between Purchasing and Not…

Q: Would you rather have efficiency or variety? That is, one opportunity cost of the variety of…

A: Consumer preferences are the individual choices and tastes of consumers when selecting products.

Q: The table below compares the marginal benefit Lucinda gets from Kewpie dolls and Beanie Babies.…

A: Marginal benefit or marginal utility is the change in total benefit/satisfaction derived from…

Q: I am trying to figure out how to find the marginal benefit

A: To show how to calculate the marginal benefit.

Q: The next 3 questions refer to the following figure, which shows marginal benefits (MB) and marginal…

A: Marginal Benefit (MB) signifies additional benefit derived from buying and consuming a unit of a…

Q: Do you think that it is better to be efficient or to have a choice about prices, color, size, etc.?…

A: Almost certainly the pure competitive industries are effective as in pure competitions the useful…

Q: What is the difference between “define contribution” and “define benefit”?

A: There are different terms used to define different situation of economic and business related…

Q: Use the graph below to answer the following questions: st (dollars) 12 10 MC

A: Marginal Benefit refers to the additional benefit derived from increasing the level of activity by a…

Q: Review the six core principles of economics, from topic 2 this week. People choose All…

A: 6 core principles 1.People choose Because there is scarcity,therefore people have to choose between…

Q: The following graph shows the marginal benefit (MB) and marginal cost (MC) curves for baseballs in…

A: The graph shows the Marginal Benefit (MB) and Marginal Cost (MC) curves for baseballs in an economy.

Q: Hello, I would like help in this graph. Thanks

A: The PPF can be illustrating as follows:

Q: 3. Number of Security Lines 1 2 3 4 Say that you are a manager with the Transportation Security…

A: The extra benefit which consumers receive by consuming an extra unit of a good is called marginal…

Q: Marginal benefit and marginal cost (dollars per swim) A 50 MC 40 30 20 10 MB D B 2 4 5 Manatee swims…

A: In the above diagram, when the manatee swims per week is 1, the marginal benefit is $40 at point A…

Q: Explain the concept of Microeconomics (Indifference Curve, Budget line) how you can these concepts…

A: (Q) Explain the concept of Microeconomics (Indifference Curve, Budget line) how you can these…

Q: Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market. The table…

A: Marginal benefit can be calculated the subtraction of TBn-1 from TBn. marginal benefit for 2nd hour…

Q: Use the equations given below and calculate total benefit, total cost, marginal benefit, and…

A: Marginal benefit: This is the amount of change in benefit when an additional unit of goods or…

Q: What are the three common pitfalls that people make when they do "cost-benefit" analysis. Explain…

A: Cost-benefit analysis and Opportunity cost: Cost-benefit analysis portrays the systematic comparison…

Q: Cassian is attending a football game at the University of Georgia It's a hot and sunny day and he is…

A: Answer: Given, Cost of slushie = $4 (1). Marginal cost: it refers to the additional cost of buying…

Q: Consider your decision to study this final exam. Which of the four core principles of economics…

A: Marginal Principle is defined as the increase in the level of an activity when its marginal benefit…