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The table shows Frigidia's preferences. The marginal cost of producing a pair of skis is 2 kilograms of fish per month. Skis Willingness to
The table shows Frigidia's preferences. The marginal cost of producing a pair of skis is 2 kilograms of fish per month. Skis Willingness to pay (kilograms of fish per pair) (pairs per month) 25 75 and 3 and 2 125 and 1 The marginal benefit from a good is the. the good. A. benefit received from consuming one more unit of O B. opportunity cost of producing Draw three points. Plot the marginal benefit when the quantity of skis is 25, 75, and 125 pairs. Draw the marginal benefit curve. Label it MB. When Frigidia achieves allocative efficiency, marginal benefit equals kilograms of fish per month. Willingness to pay (kilograms of fish per pair) 3.5- 3.0 3.0- 2.5- 2.02.0 1.5- MB 1.041.0 0.5- 25 25 0.0- 75 125 50 75 100 125 150 Skis (pairs per month) >>> Draw only the objects specified in the question.
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