Refer to Figure 4-1. Arnold's marginal benefit from consuming the third burrito is Figure 4-1 Figure...

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Refer to Figure 4-1. Arnold's marginal benefit from consuming the third burrito is Figure 4-1 Figure...

Refer to Figure 4-1. Arnold's marginal benefit from consuming the third burrito is

Figure 4-1

Title: Figure 4.1 - Description: Figure 4.1 shows Arnold

Figure 4-1 shows Arnold's demand curve for burritos.

Question 4 options:

A)

$1.25.

B)

$1.50.

C)

$2.50.

D)

$6.00.

business economics

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Answer 1

Answer #1

Answer
Option B

A demand curve denotes the marginal benefit at the output level
The curve is step function so the MB is $1.5 from the 3rd unit.

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Answer 2

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