How much is willing to pay for a third pot, Microeconomics

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How much is willing to pay for a third pot

Kevin is an avid home brewer. He is interested in obtaining one or more 30-gallon, professional-quality aluminum pots for his beer-brewing process. His marginal willingness to pay (or his marginal benefit) for these pots is detailed in the following chart.

Quantity Marginal Benefit

1 $275
2 $255
3 $230
4 $205
5 $190

How much is Kevin willing to pay for a third pot?"

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Microeconomics: How much is willing to pay for a third pot

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Microeconomics: How much is willing to pay for a third pot

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Recent Questions Asked Microeconomics

Q : Explain general pattern of change of market model

Q : What is barbara''s basis in the property for the sale

Q : What happens to afc per paper and the mc per paper

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: How much is willing to pay for a third pot

Reference No:- TGS063922

Recent Questions Asked Microeconomics

Q : Explain general pattern of change of market model

Q : What is barbara''s basis in the property for the sale

Q : What happens to afc per paper and the mc per paper

Q : What is the new current ratio and acid test ratio

Q : How much is willing to pay for a third pot

Q : Report as income from the property distribution

Q : At what point will the inventory be transferred

Q : Find the inverse demand curve

Q : Making the dividend decisions

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