A consumer’s marginal benefit curve (MB) for a good is represented by MB = 180–3q. What is the MB of unit number 25 of the good consumed?

Question

BlackTom AI · Accepted Answer

We start from the given marginal benefit (MB) function: MB = 180 – 3q, where q represents the quantity consumed.

To find the marginal benefit of the 25th unit, we substitute q = 25 into the function: MB = 180 – 3(25).

Calculate the product: 3 × 25 = 75. Subtract this from 180: 180 – 75 = 105.

Thus, the marginal benefit associated with unit number 25 is 105.

A quick check helps ensure consistency: as q increases, MB falls by 3 for each additional unit, which aligns with a downward-sloping MB curve; at q = 25, subtracting 75 from 180 indeed gives a positive MB of 105, consistent with the linear form MB = 180 – 3q.

If you were to validate with an alternative unit, say q = 20, MB would be 180 – 60 = 120, illustrating the declining pattern as quantity rises, which matches the slope of –3.

BUSS1040 (ND) Quiz 2: Topics 3-4

A consumer’s marginal benefit curve (MB) for a good is represented by MB = 180–3q. What is the MB of unit number 25 of the good consumed?

查看解析

登录即可查看完整答案

类似问题

What is the shape of the marginal benefit curve for pollution reduction?

After much consideration, you have chosen Ireland over Spain for your Study Abroad program next year. However, the deadline for your final decision is still months away and you may reverse this decision. Which of the following events could prompt you to reverse this decision?

After much consideration, you have chosen Ireland over Spain for your Study Abroad program next year. However, the deadline for your final decision is still months away and you may reverse this decision. Which of the following events could prompt you to reverse this decision?

The marginal benefit of a slice of pizza is the:

The marginal benefit of a slice of pizza is the:

What is the change in the total benefit when one more unit is made?

Marginal benefit is the benefit that a person receives from consuming

At a price of $3.00, if a consumer is willing to buy 4 cups of tea per week. More precisely, what does this mean?

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单