rou run a coffee shop that is open all day. You are considering staying open in the evening. The total benefit (ie, revenue) from keeping your coffee shop open for each addifional hour at night is shown in the table. l out the marginal benefit (he difference from one row to the next). (Enter your answers as a whole number. Include a negalive sign (-) il the answer is negalive but do not include a plus sign (+) il the answer is posiive.) Hours per Night Marginal Benefit Total Benefit $0 80 2 120 150 4 170 180 170
rou run a coffee shop that is open all day. You are considering staying open in the evening. The total benefit (ie, revenue) from keeping your coffee shop open for each addifional hour at night is shown in the table. l out the marginal benefit (he difference from one row to the next). (Enter your answers as a whole number. Include a negalive sign (-) il the answer is negalive but do not include a plus sign (+) il the answer is posiive.) Hours per Night Marginal Benefit Total Benefit $0 80 2 120 150 4 170 180 170
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![You run a coffee shop that is open all day. You are considering staying open in the evening. The total benefit (i.e., revenue) from keeping your coffee shop open for each additional hour at night is shown in the table.
Fill out the marginal benefit (the difference from one row to the next). (Enter your answers as a whole number. Include a negalive sign (-) if the answer is negalive but do not include a plus sign (+) if the answer is positive.)
Hours per
Night
Total Benefit
$0
Marginal
Benefit
80
120
150
4
170
5
180
6
170](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe117ab5b-21af-4d9f-9bad-dd9689f52c80%2Fa52ed715-7a82-450e-beed-3e9c384f78d6%2Fb9v9mjp_processed.png&w=3840&q=75)
Transcribed Image Text:You run a coffee shop that is open all day. You are considering staying open in the evening. The total benefit (i.e., revenue) from keeping your coffee shop open for each additional hour at night is shown in the table.
Fill out the marginal benefit (the difference from one row to the next). (Enter your answers as a whole number. Include a negalive sign (-) if the answer is negalive but do not include a plus sign (+) if the answer is positive.)
Hours per
Night
Total Benefit
$0
Marginal
Benefit
80
120
150
4
170
5
180
6
170
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education