Question
2(a). Stephen likes eating ice-cream very much.Below is the marginal benefit (MB) Stephen will derive from the consumption of an additional n-th unit of ice-cream.
2(a). Stephen likes eating ice-cream very much.Below is the marginal benefit (MB) Stephen will derive from the consumption of an additional n-th unit of ice-cream.
nMB ($)
158
245
334
426
514
65
From this information, we can compute that the total benefit from the consumption of 4 units of ice-cream is[Answer]dollars.
(In decimal numbers, with two decimal places, please.)
(b). From the above information, we can compute that the average benefit from the consumption of 4 units of ice-cream is[Answer]dollars per unit.
(In decimal numbers, with two decimal places, please.)
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