Chloe's Demand Schedule   Price ​($/gallon) Quantity Demanded ​(gallons/year) ​$6 50 5 100 4 150 3 200 2 250 1 300 ​Chloe's willingness to pay for her 51st gallon of gasoline is.... and her willingness to pay for her 301st gallon of gasoline is.... ​(Enter your response to the nearest penny.​) This is an example ofwhich? diminishing marginal benefit decreasing total benefit decreasing demand . If you drew​ Chloe's demand​ curve, using the demand schedule​ above, what would you notice about​ Chloe's marginal benefit curve and the demand​ curve?   The two curves would be unrelated the same

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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​Chloe's Demand Schedule
 
Price
​($/gallon)
Quantity Demanded
​(gallons/year)
​$6
50
5
100
4
150
3
200
2
250
1
300
​Chloe's willingness to pay for her
51st
gallon of gasoline is....
and her willingness to pay for her
301st
gallon of gasoline is....
​(Enter
your response to the nearest
penny.​)
This is an example ofwhich?
diminishing marginal benefit
decreasing total benefit
decreasing demand
.
If you drew​ Chloe's demand​ curve, using the demand schedule​ above, what would you notice about​ Chloe's marginal benefit curve and the demand​ curve?
 
The two curves would be
unrelated
the same
.
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