Will you buy another novel this month

Reference no: EM133380707

Question: The total benefit (value) you've enjoyed from two novels you've purchased this month is $20. You estimate your total benefit will increase to $25 if you purchase another one. Suppose the price of a novel is $6. Will you buy another novel this month? Explain your answer. HINT: Use the concepts of marginal cost and marginal benefit.

Reference no: EM133380707

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