Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market. The table below describes the benefits and costs Emmanuel faces as he decides how many hours to dedicate to his garden each week. a. Complete the "Marginal Benefit" and "Marginal Cost" columns in the table below. Emmanuel's Gardening Benefits and Costs Hours Spent Gardening Total Benefit (dollars) Marginal Benefit (dollars) Total Cost (dollars) Marginal Cost (dollars) 1 $21 $ $3 $ 2 39 9 3 54 18 4 66 30 5 75 45 6 81 63 7 84 84
Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market. The table below describes the benefits and costs Emmanuel faces as he decides how many hours to dedicate to his garden each week. a. Complete the "Marginal Benefit" and "Marginal Cost" columns in the table below. Emmanuel's Gardening Benefits and Costs Hours Spent Gardening Total Benefit (dollars) Marginal Benefit (dollars) Total Cost (dollars) Marginal Cost (dollars) 1 $21 $ $3 $ 2 39 9 3 54 18 4 66 30 5 75 45 6 81 63 7 84 84
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 24QP
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Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market. The table below describes the benefits and costs Emmanuel faces as he decides how many hours to dedicate to his garden each week.
a. Complete the "Marginal Benefit" and "Marginal Cost" columns in the table below.
Emmanuel's Gardening Benefits and Costs
Hours Spent Gardening | Total Benefit (dollars) | Marginal Benefit (dollars) | Total Cost (dollars) | Marginal Cost (dollars) |
1 | $21 | $ | $3 | $ |
2 | 39 | 9 | ||
3 | 54 | 18 | ||
4 | 66 | 30 | ||
5 | 75 | 45 | ||
6 | 81 | 63 | ||
7 | 84 | 84 |
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