Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 1, Problem 2WNG
To determine
New efficient quantity of reading.
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Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market The
costs Emmanuel faces as he decides how many hours to dedicate to his garden each week.
Emmanuel's Gardening Benefits and Costs
Marginal
Marginal
Benefit
Hours
Total
Benefit
Total Cost
Cost
Spent
Gardening (dollars)
(dollars)
$9 $
(dollars)
(dollars)
$27
2
51
21
3
72
36
4
90
54
5
105
75
117
99
126
126
Instructions: Enter your answers as a whole number.
Complete the "Marginal Benefit" and "Marginal Cost" columns in the table above.
Do you think that it is better to be efficient or to have a choice about prices, color, size, etc.? Why or why not? Do you feel that choices about a good help to offset the inefficiencies?
Please see the pictures below. Note that the pictures go to the same question. Need help with this please and thank you.
Chapter 1 Solutions
Microeconomics
Ch. 1.2 - Prob. 1STCh. 1.2 - Prob. 2STCh. 1.2 - Prob. 3STCh. 1.3 - Prob. 1STCh. 1.3 - Prob. 2STCh. 1.3 - Prob. 3STCh. 1.4 - Prob. 1STCh. 1.4 - Prob. 2STCh. 1.4 - Prob. 3STCh. 1.4 - Prob. 4ST
Ch. 1 - Prob. 1QPCh. 1 - Prob. 2QPCh. 1 - Prob. 3QPCh. 1 - Prob. 4QPCh. 1 - Prob. 5QPCh. 1 - Prob. 6QPCh. 1 - Prob. 7QPCh. 1 - Prob. 8QPCh. 1 - Prob. 9QPCh. 1 - Prob. 10QPCh. 1 - Prob. 11QPCh. 1 - Prob. 12QPCh. 1 - Prob. 13QPCh. 1 - Prob. 14QPCh. 1 - Prob. 15QPCh. 1 - Prob. 16QPCh. 1 - Prob. 17QPCh. 1 - Prob. 18QPCh. 1 - Prob. 19QPCh. 1 - Prob. 20QPCh. 1 - Prob. 21QPCh. 1 - Prob. 22QPCh. 1 - Prob. 23QPCh. 1 - Prob. 24QPCh. 1 - Prob. 25QPCh. 1 - Prob. 26QPCh. 1 - Prob. 1WNGCh. 1 - Prob. 2WNGCh. 1 - Prob. 3WNG
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