Ned enjoys eating pears. The table below shows Ned’s total benefit from purchasing a given number of pears. That is, Ned’s Total Benefit from consuming two pears is $19.Pears Total benefit0 01 122 193 244 285 306 31 If the price of each pear is $11, how many pears will Ned purchase?
Question
Ned enjoys eating pears. The table below shows Ned’s total benefit from purchasing a given number of pears. That is, Ned’s Total Benefit from consuming two pears is 11, how many pears will Ned purchase?
Solution
To determine how many pears Ned will purchase, we need to compare the total benefit Ned gets from each pear to its cost.
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The first pear gives Ned a total benefit of 11), Ned will purchase it.
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The second pear increases Ned's total benefit from 19, so the additional benefit of the second pear is 12 = $7. This is less than the cost of the pear, so Ned will not purchase the second pear.
Therefore, Ned will only purchase one pear.
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