Question 2 Your marginal benefit from eating candy bars is shown in the table below: # Marginal Benefit Candy (MB) bars 0 0 7 7 2 4 3 2 4 Which core principle is represented in this scenario (if any)? Choose... If the price of a candy bar is $3 how many should you buy? Choose.. $ Explanation Choose... $Your marginal benefit from eating candy bars is shown in the table below: # Marginal Benefit Candy (MB) bars 0 Choose... Scarce resource so choice has to be made 4 candy bars 2 candy bars 0 candy bars 1 candy bars Incentive principle Cost-benefit analysis People are responding to an incentive Which core principle is represented Compare the cost versus the benefit in making decision. in this scenario (if any)? The additional satisfaction from one more candy bar decreases. Diminishing returns If the price of a candy bar is $3 how 3 candy bars many should you buy? Scarcity, choice and opportunity cost Explanation Choose