Consumption of an additional n-th unit of ice-cream

Assignment Help Finance Basics
Reference no: EM132631395

Amy likes eating ice-cream. Below is the marginal benefit (MB). She will derive from the consumption of an additional n-th unit of ice-cream.

n MB($)

1 58
2 45
3 34
4 26
5 14
6 5

Based on the above information, answer the following two questions

(1) What is the total benefit from the consumption of 4 units of ice-cream?

(2) What is the average benefit from the consumption of 4 units of ice-cream in dollars per unit?

Reference no: EM132631395

Questions Cloud

Determine the own price elasticity of demand : Determine the own price elasticity of demand, and state whether demand is elastic, inelastic or unitary elatics.
What is the cross-price elasticity of demand : What is the cross-price elasticity of demand between good X and good Z when Px= $140 ? Are goods X and Z substitutes or complements?
What information would the tool yield in an investigation : What is the function of the tool and briefly describe how it is setup and used? What information would the tool yield in an investigation?
Example of perfect competition or monopoly : Select a real world market that is not an example of perfect competition or monopoly, discuss whether you think it is more appropriate
Consumption of an additional n-th unit of ice-cream : Amy likes eating ice-cream. Below is the marginal benefit (MB). She will derive from the consumption of an additional n-th unit of ice-cream.
Compute the book value per share of common stock : Use this information to compute the book value per share of Common Stock as of end of the FY 2018: (Round your answer to the nearest penny.)
Easy-monetary policy-tight-monetary policy : You are the new Governor of State Bank of Pakistan after Reza Baqir. For each of the situations listed below
How does one technological advance set the stage : Technology in health care has taken many forms over the years. In 1796, Edward Jenner developed the first smallpox vaccination method. A hundred years later.
Draw the person budget constraint : Draw the person's budget constraint without and with the income guarantee. Label as many things as you humanly can.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd