The marginal benefit mb and the marginal cost mc of


For your Spring Break destination you have chosen Cancun. The marginal benefit (MB) and the marginal cost (MC) of vacationing in Cancun are described as: MB (in $) MC (in $) 1 st day 500 400 2 nd day 400 300 3 rd day 300 200 4 th day 151 150 5 th day 50 150 If you are rational, how many days will you spend in Cancun? Why?

Solution Preview :

Prepared by a verified Expert
Business Management: The marginal benefit mb and the marginal cost mc of
Reference No:- TGS02412439

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)