The table describes the preferences in Yucatan. sunscreen (gallons per month) willingness to pay (pounds of food
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The table describes the preferences in Yucatan.
sunscreen
(gallons per month)
willingness to pay
(pounds of food per gallon)
25 3 75 2 125 1
a. What is the marginal benefit from sunscreen and how is it measured?
b. Use the table in Problem
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