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Assume that the price of each pair of jeans that you purchase is $40.00. The marginal benefit from each pair of jeans is described in
Assume that the price of each pair of jeans that you purchase is $40.00. The marginal benefit from each pair of jeans is described in the table below. The marginal benefit is what each pair of jeans is worth to you. If you are seeking to maximize total consumer surplus (net gains /net benfit) from pairs of jeans, how many should you purchase? Pairs of jeans Marginal Benefit 1 $80.00 2 $65.00 3 $50.00 4 $45.00 5 $30.00 Group of answer choices 1 2 3 4 5
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