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Provide an example to justify your choice

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The local pizza restaurant is advertising a special. If you buy one individual sized pizza, you get the next one at 25% off, the third one for 50% off and the fourth one for 75% off. Your marginal benefit from eating pizza is shown in the table below:

# Pizzas

Marginal Benefit (MB)

Marginal Cost (MC)

0

0

 

1

7

6

2

4

4.5

3

2

3

4

1

1.5

(i) If the price of a pizza is $6 how many should you buy?

(ii) Provide an example to justify your choice. 

Reference no: EM131263641

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