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What is the total benefit from the consumption

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Reference no: EM132632186

Sam likes eating ice-cream. Below is the marginal benefit (MB). He 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: EM132632186

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