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Lucinda collects Kewpie dolls, and can afford to buy up to six dolls. The table below describes the marginal benefit Lucinda gets for each additional
Lucinda collects Kewpie dolls, and can afford to buy up to six dolls. The table below describes the marginal benefit Lucinda gets for each additional doll she adds to her collection. Lucinda's Marginal Benefit of Kewpie Dolls Marginal Kewpie Benefit Dolls (dollars) $14 2 12 3 10 8 UT P 6 6 4 Instructions: Enter your answers as a whole number. a. If the price of Kewpie dolls is $8 per doll, how many dolls would Lucinda buy if she is rational? 0 doll(s) b. If the price of Kewpie dolls rose to $10 per doll, how many dolls would Lucinda buy if she is rational? 0 doll(s)Lucinda collects Beanie Babies, and can afford to buy up to six Beanie Babies. The table below describes the marginal benefit Lucinda gets for each additional Beanie Baby she adds to her collection. Lucinda's Marginal Benefit of Beanie Babies Marginal Beanie Benefit Bablies (dollars) $1316 Instructions: Enter your answers as a whole number. a. lfthe price of Beanie Babies is $10 per Beanie Baby, how many Beanie Babies would Lucinda buy if she is rational? Beanie Babies b. If the price of Beanie Babies falls to $7 per Beanie Baby, how many Beanie Babies would Lucinda buy if she is rational? Beanie Babies The table below describes the total and marginal benefit Elvis gets from eating fried peanut butter and banana sandwiches. Elvis' Benefits of Fried Peanut Butter and Banana Sandwiches Fried PBB Total Marginal Sandwiches Benefit (dollars) Benefit (dollars) 1 45 45 2 67 22 3 78 84 5 79 -5 Instructions: Enter your answer as a whole number. What is the marginal benefit of the 4th fried peanut butter and banana sandwich? $
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