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e. the amount of money that you pay for something; the amount of money that someone else is willing to pay you 13. Matthew has

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e. the amount of money that you pay for something; the amount of money that someone else is willing to pay you 13. Matthew has eaten two hamburgers and is considering a third. The marginal benefit in his decision is the pleasure from consuming a. the third hamburger minus the pleasure from consuming zero hamburgers. b. just the third hamburger. c. just the second hamburger. . the two previous hamburgers. e. all three hamburgers. 2 Expl: Economists think at the margin. The more hamburgers you eat, the less additional (or marginal) satisfaction you receive from each additional hamburger as you get fuller and fuller. Total benefit is increases, but would do so at a diminishing rate. 14. Opportunity cost is a. the value of your favourite activity b. . the highest-valued alternative that we give up to get something C. your value of leisure d. the money you spend on food, shelter, and clothing e . All of the above

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