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The Table Below Shows the Relationship Between the Number of Times

question 133

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The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15.  Number of  Car Washes  Per Month  Total Monthly  Benefit from  Car Washes 0$01$202$363$484$565$60\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Car Washes } \\\text { Per Month }\end{array} & \begin{array} { c } \text { Total Monthly } \\\text { Benefit from } \\\text { Car Washes }\end{array} \\\hline 0 & \$ 0 \\\hline 1 & \$ 20 \\\hline 2 & \$ 36 \\\hline 3 & \$ 48 \\\hline 4 & \$ 56 \\\hline 5 & \$ 60 \\\hline\end{array} What is the marginal cost of the 5th car wash each month?


Definitions:

Cognitive Dissonance

A psychological phenomenon involving conflicting attitudes, beliefs, or behaviors that cause mental discomfort leading to an alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort.

Self-Perception Theory

A theory suggesting that individuals develop their attitudes and feelings by observing their own behavior and concluding what attitudes must have caused them.

Observational Learning

The process of acquiring knowledge, behaviors, or skills by watching and imitating others rather than through direct experience.

Cognitive Dissonance

The inner turmoil experienced when an individual simultaneously holds conflicting beliefs, ideas, or values.

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