Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter1: Ten Principles Of Economics
Section1.1: How People Make Decisions
Problem 1QQ
Related questions
Question
your marginal benefits for eating candy bars is shown in the table below
# Hot Dogs | Marginal benefit |
0 | 0 |
1 | 7 |
2 | 4 |
3 | 2 |
4 | 1 |
- Which core principle is represented in this scenario if any?
- If the price of candy bar is $3 how many should you buy
- Explanation
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