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.