Marginal Analysis
Assessment
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Rachel Shafer
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Social Studies
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University
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67 plays
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Medium
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7 questions
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1.
Fill in the Blank
The table shows your total benefits from consuming different quantities of gas each week.
What is the marginal benefit of one more gallon of gas, when you currently have 0 gallons?
2.
Fill in the Blank
The table shows your total benefits from consuming different quantities of gas each week.
What is the marginal benefit of one more gallon of gas, when you currently have 1 gallons?
3.
Fill in the Blank
The table shows your total benefits from consuming different quantities of gas each week.
What is the marginal benefit of one more gallon of gas, when you currently have 2 gallons?
4.
Fill in the Blank
The table shows your total benefits from consuming different quantities of gas each week.
What is the marginal benefit of one more gallon of gas, when you currently have 3 gallons?
5.
Fill in the Blank
The table shows your total benefits from consuming different quantities of gas each week.
What is the marginal benefit of one more gallon of gas, when you currently have 4 gallons?
6.
Fill in the Blank
The table shows your total benefits from consuming different quantities of gas each week.
The price of gasoline is $2.50/gallon.
Given this information, using the principle of Optimization at the Margin, the optimal number of gallons of gas to consume each week will be:
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