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1st sweater
2nd sweater
3rd sweater
4th sweater
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Suppose the price of a sweater is $10. Jaylen's marginal benefit for purchasing each additional sweater is given in the table below. He
gets the most benefit from the first sweater and less benefit from each additional sweater. If Jaylen is behaving rationally, how many
sweaters will he purchase?

Sagot :

She should buy  five sweaters.

She should buy five sweaters?

A rational consumer would purchase a good as long as marginal benefit is equal or greater than marginal cost.

Marginal cost is the additional cost generated by producing an additional unit of output. Marginal benefit is the benefit derived from consuming one extra unit of a good.

The marginal benefit of the first five sweaters is greater than the marginal cost. Thus, she should buy  five sweaters.

To learn more about marginal cost, please check: brainly.com/question/26246533

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