Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125. In this case, the marginal benefit of watching the 3^rd game is:

Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional benefit obtained from consuming one additional unit of a good or service. In this case, the marginal benefit of watching the third baseball game would be the difference in benefit between watching two games and watching three games.

Marginal benefit of the third game = Total benefit of watching 3 games - Total benefit of watching 2 games

Marginal benefit of the third game = 125 - 120

Marginal benefit of the third game = 5

Therefore, the answer is B.

We cannot determine the best choice from the given information as we do not have any information regarding the cost of watching the games.

Suppose the Total Benefit of Watching 1 Baseball Game Is