The accompanying table shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15. Number of Car Washes Per Month Total Monthly Benefit from Car Washes 0 1 2 3 4 5 $0 20 36 48 56 60 What is the marginal cost of the 3rd car wash each month? Select one: Oa. $16 O b. $48 O c. $12 O d. $4
The accompanying table shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15. Number of Car Washes Per Month Total Monthly Benefit from Car Washes 0 1 2 3 4 5 $0 20 36 48 56 60 What is the marginal cost of the 3rd car wash each month? Select one: Oa. $16 O b. $48 O c. $12 O d. $4
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The accompanying table shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car
washes. Each car wash costs $15.
Number of Car Washes Per Month Total Monthly Benefit from Car Washes
0
1
2
3
4
5
$0
20
36
48
56
60
What is the marginal cost of the 3rd car wash each month?
Select one:
Oa. $16
O b. $48
O c. $12
O d. $4
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