Neal is a coffee drinker. At the local coffee shop, the price of a cup of coffee is $3. Neal's total benefits from
drinking coffee are indicated in the accompanying table.
Use this information to calculate Neal's marginal benefit
of consuming each cup of coffee.
Quantity of
coffee
(cups per day)
Total
benefits
2
3
$8
$14
SI8
$20
$21
4
5
a. The marginal benefit of the first cup is 5
b. The marginal benefit of the second cup is $
10
c. The marginal benefit of the third cup is $15
d. The marginal benefit of the fourth cup is 25
e. The marginal benefit of the fifth cup is s
f. Neil should consume
cups of coffee per day.

Answer and Step-by-step explanation: Marginal Benefit is the maximum a person is willing to pay for an additional good or service. It can be calculated as:

For each cup of coffee:

For the first cup, benefit is $8;

For the second:

marginal = 6

For the third:

marginal = 4

For the fourth:

marginal = 2

For the fifth:

marginal = 1

The cost of the coffe is $3, so comparing benefit and cost, Neal should consume 4 cups of cofee per day.

the system of inequity is

step-by-step explanation:

from the given graph it is noticed that we have two related lines. one is solid and another is dashed.

if a line passing through two points, then the equation of line is

the solid line passing through the points (0,4) and (4,0).

the related equation of solid line is .

similarly, find the related equation of dashed line. the dashed liune passing through the points (0,0) and (3,1).

the related equation of dashed line is

from the given graph it is noticed that the point (0,1) lies on the shaded region, therefore the point (0,1) must be satisfied by the related equations.

check the related equations by the point (0,1).

this statement is true if the sign of inequality is < instead of equality. since it is an solid line therefore the sign of inequality will be . the required inequality is

similarly, check the second related equation.

it is a dashed line, so this statement is true if the sign of inequality is > . the required inequality is

.632

step-by-step explanation:

6 * 1/10 = 3/5

3*0.01 = 0.03

3/5 + 0.03 = .63

2*0.002 = .002

.63 + 0.002 = .632