a. If Branko chooses by comparing total benefit and total cost, how many rides will be take?
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a. If Branko chooses by comparing total benefit and total cost, how many rides will be take? TABLE 1 Ride 1st 2nd 3rd Marginal benefit 10 7 4 Marginal cost 5 5 5
b. If Branko chooses by comparing marginal benefit and marginal cost, how many rides will he take?
c. Is Branko better off by choosing according to total or marginal benefit and cost? Explain why.
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