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kow [346]
3 years ago
12

Chin purchases five protein bars at a price of $3 each. The marginal benefit he receives from each bar is $5 for the first bar,

$4.50 for the second bar, $4 for the third bar, $3.50 for the fourth bar, and $3 for the fifth bar. The marginal cost of producing the bars is $2 each. What is Chin's total consumer surplus from the five bars that he purchased
Business
1 answer:
Juli2301 [7.4K]3 years ago
7 0

Answer:

$5

Explanation:

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Losing a customer once means losing the entire stream of possible purchases that the customer would make over an extended period
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3 years ago
Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines
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Answer:

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Explanation:

To calculate the amount of money your grandfather deposited every 3 months during 52 years to get $289,209.11 we can use an excel spreadsheet and the payment function =PMT(rate,nper,pv,fv)

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