Using the information, fill out the marginal benefit columns below.   QUANTITY TOTAL BENEFIT MARGINAL BENEFIT  TOTAL BENEFIT  MARGINAL BENEFIT  TOTAL  BENEFIT MARGINAL BENEFIT        O 0   0   0         1 20    5   3         2 22   10   6         3 23   12   9         4 23   14   12         5 23   15   15

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Each school-week night John can play video games, talk on the phone, or watch a movie. He has a total of five hours to
spend on one of these three things.
Using the information, fill out the marginal benefit columns below.

 

QUANTITY TOTAL BENEFIT MARGINAL BENEFIT  TOTAL BENEFIT  MARGINAL BENEFIT 

TOTAL 

BENEFIT

MARGINAL BENEFIT       
O 0   0   0        
1 20    5   3        
2 22   10   6        
3 23   12   9        
4 23   14   12        
5 23   15   15        
                   
                   
                   
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