A consumer’s marginal benefit curve (MB) for a good is represented by MB = 181–2q. What is the MB of unit number 9 of the good consumed?
Question
Solution 1
The marginal benefit (MB) of a good is the additional benefit a consumer receives from consuming one more unit of that good. It is represented by the derivative of the total benefit function with respect to quantity (q).
In this case, the marginal benefit function is given as MB = 181 - 2q.
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