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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
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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