Business, 08.09.2020 14:01, zozo88

Complete the marginal benefit column starting with the step from 0 gallons to 1 gallon per week.

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answered: canonmille2

Completion of the marginal benefit column

Gallons Total Benefit Marginal Benefit

/Week (dollar equivalent)

0 0 0

1 4 4

2 8 4

3 11 3

4 14 3

5 16 2

6 18 2

7 19 1

8 19 0

Explanation:

a) Data:

Gallons Total Benefit

/Week (dollar equivalent)

0 0

1 4

2 8

3 11

4 14

5 16

6 18

7 19

8 19

b) The marginal benefit is the monetary value that a consumer is willing to pay to acquire one more unit of a good. It is similar to marginal utility, except that marginal utility deals with satisfaction or non-monetary value. If the marginal benefit equals the marginal cost, then there is an optimization at the margin, which maximizes static economic efficiency. And from our calculations above, one can conclude that the optimal number of gallons to consumer per week is 2 gallons.

answered: Guest

answer; /// i believe the correct answers are (b) change in population and (e) future expectation of check first, good luck

answered: Guest

2 weeks ago lol enoy your dunce cap

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Complete the marginal benefit column starting with the step from 0 gallons to 1 gallon per week....