Suppose you enjoy renting movies; your marginal benefit curve for watching a certain number of movies is given as MB = 30-3QM, where QM is the number of movies you watch. Suppose your marginal cost curve is fixed at MC = 3, since each movie costs $3 to rent. How many movies should you consume to maximize your net benefit?

Suppose you enjoy renting movies; your marginal benefit curve for watching a certain number of movies is given as MB = 30-3QM, where QM is the number of movies you watch. Suppose your marginal cost curve is fixed at MC = 3, since each movie costs $3 to rent. How many movies should you consume to maximize your net benefit?

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 2QFR

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