Bridget drinks three sodas during a particular day.The marginal benefit she enjoys from drinking the third soda
A)can be thought of as the total benefit Bridget enjoys by drinking three sodas minus the total benefit she would have enjoyed by drinking just two sodas.
B)determines Bridget's willingness to pay for the third soda.
C)is likely different from the marginal benefit provided to Bridget by the second soda.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A) is correct because the marginal benefit of the third soda is the additional benefit Bridget gets from drinking the third soda compared to the total benefit she received from drinking only two sodas.
B) is correct because the marginal benefit of the third soda determines the maximum amount of money Bridget is willing to pay for the third soda.
C) is correct because the marginal benefit of each additional soda is likely to decline as Bridget consumes more and more soda. Therefore, the marginal benefit of the third soda is likely different from the marginal benefit of the second soda.

Bridget Drinks Three Sodas During a Particular Day