You run a coffee shop that is open all day. You are considering staying open in the evening. The total benefit (i.e., revenue) from keeping your coffee shop open for each additional hour at night is shown in the table.Fill out the marginal benefit (the difference from one row to the next). (Enter your answers as a whole number. Include a negalive sign (-) if the answer is negalive but do not include a plus sign (+) if the answer is positive.)Hours perNightTotal Benefit$0MarginalBenefit80120150417051806170

Given Total benefits Marginal Benefits = Total benefit 2 - Total Benefit 1

rou run a coffee shop that is open all day. You are considering staying open in the evening. The total benefit (ie, revenue) from keeping your coffee shop open for each addifional hour at night is shown in the table. l out the marginal benefit (he difference from one row to the next). (Enter your answers as a whole number. Include a negalive sign (-) il the answer is negalive but do not include a plus sign (+) il the answer is posiive.) Hours per Night Marginal Benefit Total Benefit $0 80 2 120 150 4 170 180 170

rou run a coffee shop that is open all day. You are considering staying open in the evening. The total benefit (ie, revenue) from keeping your coffee shop open for each addifional hour at night is shown in the table. l out the marginal benefit (he difference from one row to the next). (Enter your answers as a whole number. Include a negalive sign (-) il the answer is negalive but do not include a plus sign (+) il the answer is posiive.) Hours per Night Marginal Benefit Total Benefit $0 80 2 120 150 4 170 180 170

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 5MC

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