The table describes the preferences in Yucatan. a. What is the marginal benefit from sunscreen and how

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The table describes the preferences in Yucatan.
a. What is the marginal benefit from sunscreen and how is it measured?
b. Draw a graph of Yucatan’s marginal benefit from sunscreen.
Sunscreen (gallons per month)Willingness to pay (pounds of food per gallon)
25………………………………………..3
75 ………………………………………..2
125 ………………………………………..1
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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