Moe, Larry, and Curly are struggling in their drama class and plan to hire an acting coach to help them prepare a stage show. The tutor’s wages are $20 per hour. The marginal benefit of each hour of coaching is given in the following table.

a. Sketch the marginal benefit curve of each drama student and construct the marginal social benefit curve.
b. Determine how many hours Moe, Larry, and Curly should hire the coach.

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Number of Hours 1st hour 2nd hour 3rd hour 4th hour 5th hour 6th hour 7th hour Moe's Marginal Benefit 12 20864 NO 10 2 0 Larry's Marginal Benefit 17 15 13 531975 11 5 Curly's Marginal Benefit 6 5 6543210