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Make a document of answer 3) Now add up the quantities that the three persons would buy at each given price to get the TOTAL

Make a document of answer

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3) Now add up the quantities that the three persons would buy at each given price to get the TOTAL QUANTITY DEMANDED. Then show the data graphically like 2). Person I + Person 2 + Person 3 Price Total Quantity Demanded 52.5 50.5 4) What is the resulting curve called in 3)? 5) Suppose consuming coffees would give Johnny the following marginal benefits: Johnny Coffee MH First Second S10 Third Fifth What do you expect the MB of the fifth coffee should be? Why? Based on Johnny's MB of coffee, complete Johnny's demand for coffee for each given coffee price below: Johnny Price of Coffee Quantity of Coffee Demanded 39.99 58.90

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