(Figure: Marginal Benefit Curves) Use the graph of marginal benefit curves for slices of cheesecake to answer the question.

If Becca and Marcella are the only buyers in the market, how many slices will be sold if the market price is $3?
A)four
B)nine
C)six
D)eight

Question

(Figure: Marginal Benefit Curves) Use the graph of marginal benefit curves for slices of cheesecake to answer the question.
 ​
If Becca and Marcella are the only buyers in the market, how many slices will be sold if the market price is $3?
A)four 
B)nine 
C)six 
D)eight

Quizplus · Accepted Answer

At a price of $3, both Becca and Marcella will each purchase 3 slices of cheesecake, resulting in a total of 6 slices sold. This is the point where their individual marginal benefits equal the market price. The other options have either too few (A and D) or too many (B) slices sold at a price of $3 according to the marginal benefit curves.

(Figure: Marginal Benefit Curves) Use the Graph of Marginal Benefit