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The next table shows the marginal value of beer for individual A. The values are measured in dollars. Table 1: Individual A Quantity of Beer
The next table shows the marginal value of beer for individual A. The values are measured in dollars.
Table 1: Individual A
Quantity of Beer Marginal Value of Beer (in $)
1 5
2 4
3 3
4 2
5 1
6 0
7 0
8 0
9 0
10 0
How much is individual A supposed to pay in total if it buys 5 beers at a unique (uniform) price?
Question 11 options:
$15
$5
$0
None of the above
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