If the total benefits of watching 1,2,and 3 baseball games on TV are 100,120,and 125,respectively,then the marginal benefits are
A) 100,120,and 125.
B) 100,20,and 5.
C) 100,60,and 42.
D) 100,240,and 375.
E) 100,160,and 202.

Question

Quizplus · Accepted Answer

The marginal benefit is the additional benefit gained from consuming an additional unit of a good, in this case, watching an additional baseball game. We can calculate the marginal benefit by subtracting the benefits of watching n-1 games from the benefits of watching n games.

The marginal benefits of watching 1, 2, and 3 baseball games are:

- Marginal benefit of watching the second game: 120 - 100 = 20
- Marginal benefit of watching the third game: 125 - 120 = 5

Therefore, the best choice(s) will depend on the individual's preferences and constraints. If the cost of watching an additional game exceeds the marginal benefit, it would not be the best choice. If the cost is lower than the marginal benefit or the individual values the additional benefit highly, then it would be the best choice.

If the Total Benefits of Watching 1,2,and 3 Baseball Games