Figure 4-1

Figure 4-1 shows Arnold's demand curve for burritos.
-Refer to Figure 4-1.Arnold's marginal benefit from consuming the second burrito is
A)$1.00.
B)$1.50.
C)$2.00.
D)$4.50.

Question

Figure 4-1
  
Figure 4-1 shows Arnold's demand curve for burritos.
-Refer to Figure 4-1.Arnold's marginal benefit from consuming the second burrito is
A)$1.00. 
B)$1.50. 
C)$2.00. 
D)$4.50.

Quizplus · Accepted Answer

The marginal benefit is the additional benefit received from consuming one more unit of a good. If the second burrito provides a marginal benefit of $2.00, then that is the value Arnold places on consuming that additional burrito.

Figure 4-1 Figure 4-1 Shows Arnold's Demand Curve for Burritos