The following table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.
-Refer to the table above.What is the maximum amount of consumer surplus that Marcus can get,if he has $14 budget to spend on these two goods?
Definitions:
Real Output
The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the actual productivity.
Per Capita
A statistical measure that divides an aggregate by the number of individuals in a population to give an average.
Industrially Advanced
Pertaining to countries or regions that have highly developed and complex industrial sectors, often characterized by innovation and high levels of production and income.
Temporary Workers
Individuals hired for a limited period, often to meet seasonal demands, project deadlines, or cover for permanent staff absences.
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