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8) Fill in the table below and graph the total benefit and marginal benefit curves of cups of coffee per day. Q TB MB Cups
8) Fill in the table below and graph the total benefit and marginal benefit curves of cups of coffee per day.
Q
TB
MB
Cups of Coffee
Total Benefit
Marginal Benefit
1
$3
3.00
2
$5.50
2.50
3
$7.50
2.00
4
$9.00
1.50
5
$10.00
1.00
6
$10.50
0.50
7
$10.50
0.00
Based on the graphs, how many cups of coffee should be purchased if the price of a cup of coffee is $1.25. Why?
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