The <em>marginal benefit</em> is the highest amount that an individual is willing to pay for a unit or units of good or service
Please find attached the required individual demand curve and market demand curve graphs to the questions <em>a.</em> and <em>b. </em>
The reasons for arriving at the attached graphs are also included
Question: The table that appear missing in the question is presented as follows;
![\begin{array}{|c|c|c|c|}\mathbf{Gallons \ Consumed} &\mathbf{Ang's \ Benefit}&\mathbf{Tony's \ Benefit}&\mathbf{Gianna's \ Benefit }\\1&\$7&\$4&\$8\\2&\$5&\$3&\$6\\3&\$3&\$2&\$4\\4&\$1&\$1&\$2\end{array}\right]](https://tex.z-dn.net/?f=%5Cbegin%7Barray%7D%7B%7Cc%7Cc%7Cc%7Cc%7C%7D%5Cmathbf%7BGallons%20%5C%20Consumed%7D%20%26%5Cmathbf%7BAng%27s%20%5C%20Benefit%7D%26%5Cmathbf%7BTony%27s%20%5C%20Benefit%7D%26%5Cmathbf%7BGianna%27s%20%5C%20Benefit%20%7D%5C%5C1%26%5C%247%26%5C%244%26%5C%248%5C%5C2%26%5C%245%26%5C%243%26%5C%246%5C%5C3%26%5C%243%26%5C%242%26%5C%244%5C%5C4%26%5C%241%26%5C%241%26%5C%242%5Cend%7Barray%7D%5Cright%5D)
a. The graph of the <u>individual demand curve</u> which represents the marginal benefit derived by each buyer based on the above <u>table</u> is attached
b. The <u>market demand curve</u> for gasoline can be found given that only people in the market are Ang, Tony, and Gianna, by adding the quantity that is purchased by each person at each price as follows;
![\begin{array}{|c|c|c|c|c|}\mathbf{Price}&\mathbf{Ang}&\mathbf{Tony}&\mathbf{Gianna}&\mathbf{Market}\\1&4&4&-&8\\2&-&3&4&7\\3&3&2&-&5\\4&-&1&3&4\\5&2&-&-&2\\6&-&-&2&2\\7 &1&-&-&1\\8&-&-&1&1\end{array}\right]](https://tex.z-dn.net/?f=%5Cbegin%7Barray%7D%7B%7Cc%7Cc%7Cc%7Cc%7Cc%7C%7D%5Cmathbf%7BPrice%7D%26%5Cmathbf%7BAng%7D%26%5Cmathbf%7BTony%7D%26%5Cmathbf%7BGianna%7D%26%5Cmathbf%7BMarket%7D%5C%5C1%264%264%26-%268%5C%5C2%26-%263%264%267%5C%5C3%263%262%26-%265%5C%5C4%26-%261%263%264%5C%5C5%262%26-%26-%262%5C%5C6%26-%26-%262%262%5C%5C7%20%261%26-%26-%261%5C%5C8%26-%26-%261%261%5Cend%7Barray%7D%5Cright%5D)
Please find attached the market demand curve for gasoline plotted according to the dataset provided
Learn more about demand curve here:
brainly.com/question/14663994
Answer:
36
Step-by-step explanation:
To produce 4 widgets is 18 dollars so you do 18+18=36
(xy+z) (x^2 y^2 - xyz + z^2)
Question says to estimate how many 12-inch rulers will be about the same length as a bike. In other words we have to measure the length of bike by in terms of ruler like 3 ruler length or 5 rular length etc.
Type of bike is not mentioned so i'm going to use bicyle.
From internet I found that approx lenght of a bike ( bicycle) is = 68 inches.
Given that 1 ruler = 12 inches
So number of rulers that can fit into 68 inches can be found by dividing 68 by 12
68/12 = 5.7
So that means length of the bike is approx 5.7 rulers .