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The total benefit for burgers and beers is given below. Burgers cost $10 and beers cost $20. Total Benefit (Burgers) Total Benefit (Beers) 15 30 50 Quantity 1 2 3 4 30 45 60 The marginal benefit of the third beer is. The marginal benefit per dollar of the second burger is $ 60 65 (Round your answer to two decimal places) Which of the following is true regarding an extra dollar spent on the second burger? A. It gives less benefit than an extra dollar spent on the second beer. OB. It gives the same benefit as an extra dollar spent on the second beer. OC. It gives more benefit than an extra dollar spent on the second beer.

The total benefit for burgers and beers is given below. Burgers cost $10 and beers cost $20. Total Benefit (Burgers) Total Benefit (Beers) 15 30 50 Quantity 1 2 3 4 30 45 60 The marginal benefit of the third beer is. The marginal benefit per dollar of the second burger is $ 60 65 (Round your answer to two decimal places) Which of the following is true regarding an extra dollar spent on the second burger? A. It gives less benefit than an extra dollar spent on the second beer. OB. It gives the same benefit as an extra dollar spent on the second beer. OC. It gives more benefit than an extra dollar spent on the second beer.

Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 12PA
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The total benefit for burgers and beers is given below. Burgers cost $10 and beers cost $20. Total Benefit (Burgers) Total Benefit (Beers) 15 30 30 50 45 60 60 65 Quantity 1 2 3 4 The marginal benefit of the third beer is. The marginal benefit per dollar of the second burger is $ Which of the following is true regarding an extra dollar spent on the second burger? OA. It gives less benefit than an extra dollar spent on the second beer. OB. It gives the same benefit as an extra dollar spent on the second beer. OC. It gives more benefit than an extra dollar spent on the second beer. (Round your answer to two decimal places)
Transcribed Image Text:The total benefit for burgers and beers is given below. Burgers cost $10 and beers cost $20. Total Benefit (Burgers) Total Benefit (Beers) 15 30 30 50 45 60 60 65 Quantity 1 2 3 4 The marginal benefit of the third beer is. The marginal benefit per dollar of the second burger is $ Which of the following is true regarding an extra dollar spent on the second burger? OA. It gives less benefit than an extra dollar spent on the second beer. OB. It gives the same benefit as an extra dollar spent on the second beer. OC. It gives more benefit than an extra dollar spent on the second beer. (Round your answer to two decimal places)
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