Question
John enjoys boxing and engages a personal trainer to improve his health and fitness. As part of a special offer, John pays $0 for the
John enjoys boxing and engages a personal trainer to improve his health and fitness. As part of a special offer, John pays $0 for the first session and $30 for each subsequent session. John gains $200 of benefit from attending 6 sessions and $250 of benefit from attending 7 sessions.
Which of the following statement(s) are true:
A.John should attend the seventh session because the marginal benefit is greater than the marginal cost.
B.The marginal benefit of attending the seventh session is $40.
C.John should not attend the seventh session because the marginal benefit is less than the marginal cost.
D.The marginal cost of attending the seventh session is $50.
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